The next foreclosure crisis will be homes where owners have payment option adjustable rate mortgages that are beginning to reset according to Reuters.
Option-ARMs are now considered among the riskiest that were offered to home owners during the recent housing boom. The result of these has left many borrowers owing more than their homes are worth, [...]
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arizona foreclosures,
arizona homes,
option arm mortgage
While a lot of builders are no longer building new-build homes in this current market, there are still some builders who have some specs to sell, or who will still take an order for a new-build home. If you are a buyer thinking of a new-build home as your next home, now you need the [...]
Tagged as:
arizona homes,
new home loans,
new-build homes,
spec homes