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re: Most Underwater Mortgages in the US - Baton Rouge 1st, Nola 2nd WTF?
Posted on 5/9/24 at 9:59 am to Tomatocantender
Posted on 5/9/24 at 9:59 am to Tomatocantender
Well, $0 down home sales like Horton and DSLD tend to use the rural development grants to get qualified buyers.
Those buyers are clearly underwater at the moment of sale and likely for a few years afterward depending on what gets rolled into the mortgage.
Those buyers are clearly underwater at the moment of sale and likely for a few years afterward depending on what gets rolled into the mortgage.
2
Posted on 5/9/24 at 10:01 am to teke184
quote:
ell, $0 down home sales like Horton and DSLD tend to use the rural development grants to get qualified buyers.
Those buyers are clearly underwater at the moment of sale and likely for a few years afterward depending on what gets rolled into the mortgage.
Excellent point!
Posted on 5/9/24 at 10:05 am to teke184
quote:
like Horton and DSLD
Let's not leave off Alvarez. They are the local DSLD builders who will throw up cheap houses/developments anywhere they can.
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