Spare me the 1% "Pay Option" negative amortization loans.

Metropolitan Indianapolis has 3 of the top 50 fastest growing counties in the country in a recent statistic I found.

I had to remind him that I dont function that way and I may end up having to leave him in the dust because I believe that negativity breeds more negativity and as Prohabber said, the law of avereages favor you.

I have been negative on home builder stocks for quite some time now and they have indeed dropped a lot in the recent past.

Prohabber, The current company I teach at tracks statistics like, "most common causes a house reaches foreclsoure."

You can talk to 20 professionals locally per week in less than 5 hours and statistically 1 out of 20 will likely turn into a good referral source for you continually.

You can pay the normal 30 year (or whatever your amortization is) amortization principal and interest payment, you can pay interest only, or you can actually have the option of paying a very low negative amortization payment.

:wink: I just dislike the negative, doom and gloom talk, there are ways and means to get around most situations.

This is a market where realtors were touting the huge appreciation, that made it ok to have a negative cash flow or so they said.

So generally the buyer at the sales is the borrower as no investor would want a deal with negative equity.BTW, that's not always the case, lots of inner city Dallas and Houston deals actually sell to third party buyers on the courthouse steps.