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Payment Option ARM Resets to Explode with Devastating Consequences

The next phase of the real estate disaster is upon us. It’s just shifted from subprime to Option ARM and with many economists predicting unemployment will stay in the double digits, foreclosures will only accelerate, which will add to bank losses, which will add pressure to the financial system and broader economy. Words: 547

January 19th, 2010 | Posted in Housing Prices/Foreclosures,Real Estate | Read More »

 

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