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Real Estate
The Real Estate Adviser |
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September 22, 2005
The Real Estate Adviser: Foreclosure rates up in once-hot markets
By TOM KELLY
Special to the Journal
Special to the Journal
As we've discussed before, it's difficult to have a housing slow down when there is very little inventory. That's why housing bubbles are viewed as regional occurrences and not as national trends.
But inventory is only one component. What has become more of a factor is the incredibly flexible loan programs offered by many lenders. When a buyer can get 95-100 percent financing on an investment property with stated income and a lousy credit score, it becomes a roadmap for trouble, especially in a flat market. Here's why:
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Previous columns:
- The Real Estate Adviser: Who needs an agent? Probably most of us, 09-15-2005
- The Real Estate Adviser: Beachfront cabin in Australia? Forget it, 09-08-2005
- The Real Estate Adviser: What the heck is an 'active adult' anyway?, 09-01-2005
- The Real Estate Adviser: Accessibility ideas on display at B&B, 08-25-2005
- The Real Estate Adviser: College town rentals can be good deal for you and your student, 08-18-2005
- The Real Estate Adviser: Tips for U.S. citizens who buy in Canada, 08-11-2005
- The Real Estate Adviser: Soldiers get protection from creditors, landlords, 08-04-2005
- The Real Estate Adviser: VA loan could be used for retirement home, 07-28-2005