The Sub-prime Meltdown

Posted on November 5, 2008 in Sub-Prime Mortgages in Arizona

Much has been said that the cause of the current economic crisis is the sub-prime mortgage meltdown. This is almost always followed by stories of ‘folks’ losing their homes. However, when all is said and done, history will show that a huge percentage of the foreclosures were caused by borrowers who owned multiple homes, i.e., INVESTORS.

Who got these INVESTORS to invest in homes financed with sub-prime mortgages will be the subject of real estate litigation for years to come.

4 responses to “The Sub-prime Meltdown”

  1. Completely understand what your stance in this matter. Although I would disagree on some of the finer details, I think you did an awesome job explaining it. Sure beats having to research it on my own. Thanks

  2. Jason Smith says:

    Long time lurker, first time poster so go easy! Just raelly thought i would say thanks for this advice, although was difficult to find amongst internet disinformation. i found that this site along with moneysavingexpert and especially the most helpful by a mile!.

  3. I am compairing this article with another one I have read a couple of minutes ago and yours makes a lot more sense.

  4. jigsaw says:

    There are some fascinating points in time on this article however I don’t know if I see all of them middle to heart. There’s some validity however I will take hold opinion till I look into it further. Good article , thanks and we want more! Added to FeedBurner as properly

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