Tuesday, September 23, 2008

About The Housing Slump

With the glut of homes on the market wnd with their value ever decreasing this would seem an ideal time for people to buy. However with the loss of jobs, high food and fuel prices and an ever declining credit line it's now seems almost impossible. To get a mortgage these days requires almost perfect credit. Traditionally, for every 10 loans submitted in this manner 5-7 loans would actually get approved and be able to close. However, with the recent trend of typical “subprime” borrowers being submitted for manual underwritten FHA decisions, FHA lenders are seeing only 1-2 out of 10 being approved. You can find qualified buyers now Find Buyers Here

Thursday, September 18, 2008

Yes There Is A Real Solution

House sellers are being forced to offer massive discounts as the credit crunch engulfs the property market.

The fall will bring hope to first-time buyers - but many are still caught in a credit crunch trap, with banks and building societies tightening lending criteria, such as ending 100 per cent mortgages.

Meanwhile, bankers are braced for thousands more job cuts as Citigroup prepared to release its latest figures today.



Despite all the bad news we see and hear everyday you can now get access to highly prequalified buyers with almost unlimited deep pockets.

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