Is this over hype or will this create foreclosures?
http://money.cnn.com/2006/10/09/real_estate/arms_nightmare/index.htm?postversion=2006100913
No and Yes…it that order.
Keith
These ARMs and their affect on forclosures has been extensively discussed here over the past few months, do a search for past threads.
people who know the pre-foreclosure and short sale routine are going to clean up soon.