CNN reports that congress is reveiwing putting a freeze on most adjustible mortgages for 5 years. This would be a huge help to the housing industry. All the wait-n-see potential buyers wouldn't need to wait any longer to see how many foreclosures they can snatch up.
And more importantly it will keep disadvantaged families in their homes.
Common sense should have told the mortgage industry that the loose lending practices were unrealistic. GREED is always the bottom line. Corporate America is destroying the middle class and everyone needs to say, "I'm mad as hell and I'm not going to take it anymore". You may remember that statement from the 1970's movie "Network".
For up-to-date Northern Nevada, Lake Tahoe, real estate sales information contact me, Theresa, Century 21 Heritage West, 800-662-1059
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