The Next Wave of Foreclosures for So CAL!!!
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Yes. I would have to agree with you and I am daring to say that the coming wave of foreclosures will surpass that of the sub-prime mess. My understanding is that there were more of these option arm and alt-a loans made. Additionally, if my research is correct, these loans were for greater amounts than their sub-prime counterparts.
TheBarbaricMetal 2 years ago
I do - the Neg Am and Adj Rates - I think it will be close to as big as the sub prime fallout. The Loan Mod's aren't what people thought they would be...
CONNORwithHONOR 2 years ago
Nice well informed analysis of the SoCal foreclosure situation. In your opinion, do you feel the alt-a and option arm resets are going to be as devastating as the sub-prime mess?
TheBarbaricMetal 2 years ago