nnkrealtor
Recycles dryer sheets
- Joined
- Jun 8, 2005
- Messages
- 103
OK, I posted this in Other topics and got 70 views but no responses. [The other thread has been deleted by moderator.]
So Ill try it here...
Is there an investment vehicle (does one even exist) that could potentially profit from all of these people that will be walking out on their upside down houses when the rate resets on thier ARM's?
I don't have the statistics handy but something to the tune of "between now and 2011 $100 Billion in option ARMS are going to reset"
If this happens and their payment goes from 800 to 2500 on a house that they owe 200k more than its worth there will be a lot of "walkers"
And not to mention the Commercial RE troubles ahead.
Is there anyway short of purchasing the acutal buildings at forcolsure prices to profit from this?
Any ideas...
So Ill try it here...
Is there an investment vehicle (does one even exist) that could potentially profit from all of these people that will be walking out on their upside down houses when the rate resets on thier ARM's?
I don't have the statistics handy but something to the tune of "between now and 2011 $100 Billion in option ARMS are going to reset"
If this happens and their payment goes from 800 to 2500 on a house that they owe 200k more than its worth there will be a lot of "walkers"
And not to mention the Commercial RE troubles ahead.
Is there anyway short of purchasing the acutal buildings at forcolsure prices to profit from this?
Any ideas...
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