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option arm mortgage

Option-ARMs Slated to Bring New Foreclosure Woes to Arizona

by benjaminteam on September 19, 2009

in East Phoenix Valley and Gold Canyon Real Estate

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, [...]

Tagged as: arizona foreclosures, arizona homes, option arm mortgage

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