Young guy, bought it with no money down and an ARM.

Wisely so because, to varying degrees of culpability, EVERYONE can bear some responsibility for the core problems.Those now maligned "Hi-Performance" exotic Pay-Option and ARM loans with low teaser starting rates became widely promoted and sold to folkswho had no business using them.

I am not sure they will want to be explicit other than to cite the statute with the reader having to interpret.As a licensed agent what is your take?

I can shed some light on the fractional ownership funding my company offers:- FULL DOC and SIVA application allowed- 3/5/7/10 YR Fully Amortized ARMs and 3/5 I/O Arms available- 80 LTV for PURCHASE & R/T for FULL DOC-75 LTV for SIVA (70 LTV for Cash Out)- Conforming and Jumbo loan amounts allowedRegards,Scott Miller

Anyone who got an ARM (adjustable rate mortgage) , got one because they couldn’t get a better type of loan (or the broker did a “whammy” on them).

We have lots of ARMs will waiting in the wings to reset.

I asked if I could re-fi when the arm came--I was told yes.

doing it by yourself is always much less optimized than being part of an Arm Chair partnership, whereas all elements of real estate are professionally managed for you as oppose to you doing it yourself. but what if you get the prefessional services and you making more?

Those with ARMS will get a little relief but likely not enough to stem the foreclosure tide.

I can assist you with hard money rehab in FL if this is your desire---65 ARV-No income/employment/asset/credit verification required-13.50% + 0 Points + 1500 fees for a 3-5 YR ARM...Regards,Scott Miller