Property flippers may be among the hardest hit as a result of the real estate & mortgage crises. Since this type of business is inherently risky and thrives in so-called sellers’ markets, investors who rely on revenue derived from flipping properties (also known as real estate speculating) to support their businesses and lifestyles may see their glasses pretty much half-empty.
A message to Prime Mortgages readers:
Your support is very much appreciated. We will continue working to provide the most relevant and useful information about current FHA-insured programs and related topics. Please provide any comments, opinions or preferences which you would like us to be aware of. Thanks and God Bless!
If the government can’t run business, how come businesses always run to the government for a bailout when it runs into trouble?FHA-insured mortgages, government run for 75 years. Lest we forget?
As of July 1, 2009 a recent housing initiative was expanded to allow Las Vegas borrowers who are up to 125% underwater on their mortgages to seek mortgage refinancing. Thanks to the Making Home Affordable program!