| Looking in how to avoid foreclosure or how to modify a mortgage loan yourself? You're About To Learn Secrets That Most Homeowners Will Never Know About How to Stop a Foreclosure in Process... And How Any Homeowner Can Keep Their House Rent Free Forever. Dear Friend, Repossessions of homes by lenders are expected to go up by 50% in 2008 as a result of the credit crunch, according to the Council of Mortgage Lenders. RealtyTrac.com reported 1,285,873 properties with Foreclosures filings in 2007 nationwide. 58% of these Foreclosures will be in 2008 from subprime loans or loans with variable (adjustable) terms. Repossessed properties are resold by lenders at foreclosure auctions. When this is done in massive transactions along with houses stuck in the market for non-selling, the market sinks drastically. Seasoned Investors are expecting a huge decrease in house prices for the next 2 or 3 years, and my personal expectations are that after we reach the very deep bottom, the house prices will start rising very, very slow the next 5 years after. >>Read more... |
