San Jose Short Sale Agent: Silicon Valley Foreclosure Prevention Specialists » dr. housing bubble http://www.sanjoseshortsaleagent.com Avoid Foreclosure and save your family's credit and dignity. Sat, 28 Jan 2012 01:59:34 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 78% of Option ARMs have yet to recast. http://www.sanjoseshortsaleagent.com/2009/11/30/78-of-option-arms-have-yet-to-recast/ http://www.sanjoseshortsaleagent.com/2009/11/30/78-of-option-arms-have-yet-to-recast/#comments Tue, 01 Dec 2009 06:28:21 +0000 admin http://www.sanjoseshortsaleagent.com/?p=510 Option ARM

Here is one of my favorite bloggers who writes often about a topic very close to my heart: the option ARM fiasco brewing in California. He has access to and extrapolates some amazing data.  I wish I had access to such data.   In this particular post, he lays out simply why option ARMs will be the next big wave of foreclosure headache coming down the road.  And the incredible fact is that according to him, 78% of these time bombs have yet to recast. On top of that, the bulk of these (58%) problem loans originated in California.   

Talk about a problem coming down  the  road…..

Read this post.

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