The loan is reviewed periodically and as the FMV rises, the principal is added back with a new payment.

The number of commercial foreclosures is expected to rise as well.

But at this point, just a stable market where it is easier to figure values and banks are lending looks very good to me.Of course, I also suspect we will get a lot of crazy inflation to go along with all the government spending of non-existant money.

Fyi, rates changed for the worse 3 times today by ½, 3/8, and 3/8.

Can you still get a 5% mortgage?

That said, even if he is getting a CoC return of 2% a year, that's money lost due to inflation (on average).

As the inflation starts to rise banks raise interest rates to curb inflation.

I have some information of what is illegal.Definition of "Illegal" Flipping:This is from FannieMaeProperty Flipping - Illegal property flipping occurs when a property is refinanced or resold immediately after purchase for an artificially inflated value.

Artificially inflating prices by holding back supply only postpones the inevitable.So many things that can be done by both government and the private sector.

The law may help the overall situation in AZ, but a byproduct may be a rise in vacancies and a reduction in rental rates.

Unfortunately resi product rises and falls with the bid prices of payment myopic buyers.