Are You Ready for a Category 5 Storm?
By Gena Riede, Real Estate Broker - Sacramento CA Real Estate (916) 417-2699
(Riede Real Estate, Lic. 01310792)
Real Estate in the Sacramento and surrounding areas will see the eye of the storm of Foreclosures over the next 24 months. I was privileged to be a part of a conference call with Brian Brady, America's Mortgage Broker, where he outlined what to expect in the months ahead with Real Estate and the Mortgage Industry.This is not meant to alarm but to inform so that you can better prepare and know what to anticipate in the Real Estate and Mortgage Lending fields.Here is what I gleamed from Brian and those that attended. This storm is a category 5 and will have devastating results. Like with any storm, it is vital to prepare and be aware of its approach.The adjustable loans that were handed out like candy will have all surfaced their ugly heads during this time. This phenomenon is not just pr...
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