Posted by Larry S. on March 24, 2006 at 15:48:27:
Good afternoon! Is there a way to take over an ARM that would make sense? I understand that the industry is anticipating alot of defaults as people’s mortgages increase 30, 40 or even 100% in the next few years. How would an investor be able to help someone who would be willing to do a subject to, but had an ARM? I’d be too concerned that the mortgage would increase before my tenant buyers were able to refinance. Is there any opportunity there, or should I just stay away from those scenarios? Thanks in advance for your help. Sincerely, Larry S. Riverview, FL