Bubble?

With so many sub-prime lenders shutting their doors due to the A.R.M. laons going into default it's no wonder there are so many homes just sitting on the market.

I believe working together and not against one another is very important in any line of work. I have many properties that are great for your investors to add to their portfolio. What better way to help out current home owners that are in default, then to purchase the home and do a lease back option. Thus keeping the Real Estate market stimulated with homes sales rather than saturated with homes sitting on the market. This helps the home owners to stay in the home and build back their credit without having a foreclosure on the credit report.

It is a shame that homeowners are being put out on the street up-rooted from their homes and the reason can be for many different ones, but the foremost reason is the A.R.M. and lack of being educated on this type of loan along with the importance of maintaining good credit, job history and income.

Many home owners who are in the A.R.M. did not dream of their rates getting out of hand nor were the aware that their debt-to-income has to be in line; nor did anyone realize at the time of the refi boom and pushing those low interest A.R.M.'s to home owners caused the true value of homes to be pushed way above where they should have been, Thus, brings us to the other problem in many cities, homes being valued at today what they were pushed to years past. Giving homeowners no room for refinancing without have to come up with money out of pocket that many do not have.

Many home owners who have late payment history are limited to the % amount allowed by lenders to refinance, leaving the homeowners upside down.

I am hoping that we all want to see something happen to stop this ripple effect from getting bigger. If the lending institute is unable to help homeowners then we need to do something.