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Geesh! Just answer the question.

Posted by alfred on November 16, 2008 at 8:30 AM

In Reply to: Who's hot under the collar? posted by CC in OC on November 15, 2008 at 10:07 PM

I will miss stated income only loans too. I used them to build my
last two spec houses. They were great for investors who wanted to
move swiftly. They were abused, lenders are now swinging the pendulum
to the other side... for all intents and purposes we won't see them
again.

Foreclosures are on the rise. But they have been slowing down a bit
due to government interference. My question was... with all the plans
and actions the government is implementing... what effect do you think
the war on foreclosures will have?


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