The Story of Another Distressed Owner

This [tag-tec]distressed owner[/tag-tec]  is a divorced mother of two and will be facing a possible  [tag-ice]ARM[/tag-ice] increase of $1,986 in November. 

 

She got into trouble by trying to save the $496,000 interest only  mortgage during the divorce and she knew at the time what would happen once the [tag-self]ARM[/tag-self] ballooned.

 

MOney and Time

This lady will have plenty of company.  Around 2 million ARMs will be resetting within the next few months.

 

The dilemma of distressed owners  spells  tremendous opportunities for real estate investors. But it is important to be able to get inside the  minds of distressed owners  to understand what they are going through.

 

Read More

Adjustable-rate mortgages: now it hurts 

 

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