The Credit Crunch and Home Buyers: Avoid the Harsh Consequences
Monday, August 20th, 2007The sudden halt of operations by some mortgage lenders have left many home buyers out in the dry: Some have forfeited their earnest money deposit; some are compelled to resolve the matter in court.
The mortgage industry crisis has grown to be so serious that home buyers and real estate agents should take the following precautionary measures to avoid any devastating outcome that could emerge as a result of the home buyer’s inability to secure financing: (more…)