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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: patron_anejo_por_favor who wrote (7273)12/11/2002 10:56:52 PM
From: JBTFDRead Replies (1) of 306849
 
I dont know her debt, but a front end ratio of 30% is not in and of itself outrageously risky. (that's at $1260)

So assuming the HUD statistics are correct she has less than a 20% chance of default. Much much less is chance of forclosure. I think the current forclosure rates are less than 2%, maybe higher for zero down loans. So that wouldnt put her in the 25% at risk area.

Whether values go up or down is more dependent on how the economy does.
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