All my research and work has lead me to one conclusion. ”I predict that the only way to help solve the housing crisis is through massive loan modifications of ARM mortgages and people that have suffered hardships.”
The mortgage market has went in the tank. Investors no longer want to buy these mortgage pools, so there are no mortgage refinancing options available for these people that are stuck in bad loans. Many have very little equity and can’t sell because they will have to come out of pocket (they don’t have the money). There is a lot of talk about short sales and that being the way to help the situation.
How can that help when these homes aren’t selling? They are just sitting on the market and everyone’s losing.
The only solution is massive loan modifications. Read my blog and learn how you can find ways to avoid foreclosure and save your home
This isn’t rocket science. The greedy investors on Wall Street need to understand that they are already losing big time on their investments and by foreclosing on borrowers is only going to make it worse. Let the lenders modify these mortgages, so people can save their homes and you can save your investments.
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