The Foreclosure Breakdown



This was a very interesting statistical chart. I still think the major thing everybody continues to miss is that it was not so much sub-prime or 100% financing as much as stated income. Even still, the 100% financing problem arose due to the plummeting values and people just, basically, giving up and walking away. So I would be very careful to read into this that 100% financing is bad; I would take it with a grain of salt. The problem really stems from stated income loans and the floor falling out of home values. If you buy a house at 250K and it is now worth 150K, why stay? This is the rational of those affected by this. We are not seeing this so much here in ABQ.

The bottom line with all of this is what? If you are not working with a company that will educate you and advocate for you then you will get hosed. That is what we are here for. Call us and we will walk you through every step.

About Two Bald Mortgage Guys


Ken Blanchard, one of the country’s premier business leadership authors, says in his latest book, “To keep customers today, you can’t be content to merely satisfy them; you have to give them legendary service and create ‘raving fans’ – customers who are so excited about the way you treat them that they tell stories about you.” In everything we do, this is what we envision. We see people such as yourself being so enthused with the process and service we provide that you will become a raving fan for us, telling stories to people of what you just experienced.




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8202 Louisiana NE
Suite B
Albuquerque, NM 87113
Phone:
(505) 830-9685
Fax:
(505) 830-9684

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