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Originally Posted by Joesho
I would agree and and add this Mike to justify my claim.
ARM's
no doc loans and unscruuplious ( never calimed to be a writer LOL) Mortgage brokers
fals creative no money down loans to bosst the home sales market
to much creative financing allowed to make these values seem real for too long .
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Now THAT is very true. In certain areas of the country that is going to bite people in the ass. If you have an option ARM, and you have only been making the 1% payment, you are going to get hit.