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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Yogizuna who wrote (159079)	10/22/2008 2:32:49 PM
From: RockyBalboa	Respond to of 306849

I agree. It was aggressively marketed a few years ago most by independent financial advisors. Most major banks were involved in foreign currency home refi. Many clients wish they never turned to structured finacing of their homes. In effect they´ll have to purchase it a second time if they are so inclined to. This is a scandal which is just unfolding in Europe and no one talks about in public. Now and then some dire comment pops up - yeah the banks receive a € 2T bailout, but the unlucky ill advised homebuyer?