Remember all those Low, Low - Seriously Sub-Prime Entry Rate Mortgages?
By APMorison
@APMorison (424)
United States
April 10, 2007 1:38pm CST
Well, approximately 48 Lenders have hit the skids to one degree or another because people got to the end of the 'two year lock' and could not handle the new payment, lost their job or whatever -
Have you looked at your mortgage company lately? Do you know if you're loan may be sold off to another lender for asset liquidation?
Nope, I'm not selling anything - but I'm suggesting you have a look at your mortgage company and check their status.
Just a friendly suggestion from a realtor.
1 person likes this
2 responses
@kitchenwitchoftupper (2290)
• United States
12 Apr 07
Reason 1001 why I choose to rent and not own!
Thank you so much for the information AP. By the way, not meaning to self-promote (yes I am, but just to you and in this thread - not to the entire My Lot Community - lest anyone want to flag me for that) - I do like to partner my services as a consultant of the product that I sell with realtors at a reduced price for giving new home owners when they close the deal. If you are interested, private message me for the inside scoop. ~Donna
1 person likes this
@APMorison (424)
• United States
12 Apr 07
we may have to talk about that once I get my WV license in order ;)
@judyt00 (3497)
• Canada
10 Apr 07
it hasn't hit here in Canada, where mostmortgages are held by the bank. thank the gods of finance. Really, some people should have never been allowed to buy houses in the first place. How can they expect to make the payments if they are only making $12 an hour?
1 person likes this
