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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: bentway who wrote (51561)4/7/2006 12:48:55 AM
From: GraceZRead Replies (1) of 306849
 
Mortgage companies are famous for closing the barn doors after all the cows are gone. When we bought a distressed property in the last RE downturn we had to put 20% down and pay 2% over owner occupied housing rates even though the property was selling at a serious discount to the other properties around it and had fallen almost 30% from where it was at the previous peak.
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