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  1. #1
    Join Date
    Sep 2008
    Posts
    131
    Blog Entries
    1

    Default New Jersey homeowners facing foreclosure are attending homeowner foreclosure preventi

    Many New Jersey homeowners facing foreclosure are attending homeowner foreclosure prevention seminars to find out what to do with their home situation. The problem is so bad in New Jersey that entire blocks look

    like they are boarded up and they are eroding the tax value of homes. The problem is increasing since scores of adjustable rate mortgages that were issued at the peak of the housing boom are beginning to move over to higher loan repayment rates. The modifiable rates are a trademark of sub prime lenders, who used them to get people into homes they might not otherwise have been able to pay for.
    Last edited by Chief Tutor; 04-22-2009 at 11:00 AM. Reason: URL Already in Signature

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