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Angie's Real Estate Corner

Tagged "Burton Homes For Sale"

Angie's Real Estate Corner

Blog by Angie Ridley

Flint, Michigan

Genesee Co. MI Real Estate and more.....A Real Estate Counselor makes the difference.

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Angie's Real Estate Corner

ARM's Due, What If?

Oct. 7, 2007

Categorized in: Just Stuff

Tagged with: angie ridley, burton homes for sale, complete realty, deanna ruhstorfer

Can you imagine...

I am imagining a loan servicing company and backing investor saying to the homeowners:

"I know your ARM is getting ready to adjust. We understand we probably shouldn't have done this loan to begin with or we understand the economy is tough let's make a difference. We won't adjust your ARM. We will keep the rate locked at the current percent as long as you make the payments. We are in this together, lets get out of this together."

If one company did this, would others follow. What would the market do? How many people would be grateful and use that company again. How many real estate agents would refer business to that company?

Just thinking, wishing and dreaming....

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