Tag Archives: khater

Millions Of ARMs Set To Reset

Millions of Adjustable Rate Mortgages will reset to dramatically higher rates in the next two years, leading to a skyrocketing of foreclosures and a likely decrease in property values. About a tenth of all mortgages will reset in the next … Continue reading

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Texans Under Water With Their Mortgages

Home prices are going up in several areas of Texas. In Nevada, half of homes are not worth what borrowers owe. It is really bad in California, Florida, Michigan and Georgia. Here’s the report from Dallas: Almost 450,000 Texans owe … Continue reading

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Mourning The Loss Of Home Equity

Over two million mortgages are under water. The situation is worst in Nevada, California, Florida, Arizona, Michigan and Georgia. Foreclosures in the state of Washington are declining. From Seattle: Almost 8 percent of Washington state homeowners with mortgages are “under … Continue reading

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