$30 Billion Home Loan Time Bomb Set for 2010

Fascinating article on the future of the housing market. 

When Hank Paulson said some homeowners were looking at mortgage payments doubling and tripling in the future this is what he was talking about.

Folks that are facing increasing mortgage payments that are not able to work out a loan modification with their loan servicer may want to entertain a short sale which is less detrimental to their credit score than a foreclosure.

Click on the link below ~

http://sanjuanoaksproperties.com/files/2009/09/SF-Chron-Article-on-Option-ARMs.pdf