August 18, 2007
Is It The Time Now To Do Owner Financing And Lease Option?
Mortgage pinch causes domino effect of pain , based on the article at US Today.  The problems in the mortgage industry, which began late last year and have rapidly deteriorated since June, are having a domino effect in the real estate market. Increasingly, first time home buyers are getting shut out of the market, and that hurts move-up buyers. The credit crunch is exacerbating the drop in buyer demand and potentially compressing the natural downturn we expected to be spread over six months into a few weeks. Read more
first time home buyers home seller lease option mortgage industry mortgage loan owner financing prevent buyer default on payments real estate market stock market
Filed under Home Selling in Buyer's Market by John W.
