ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 07/26/2011 PM VERSION

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 07/26/2011 PM VERSION

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 07/26/2011 list has been posted.

http://bhammls.net/BAARReports/ListitLib/show_report.aspx?ID=7016160284

These are Single Family Homes ‘Active’ on the Birmingham MLS. These homes

are ripe for the picking. Don’t Let them pass you by. ACT NOW!!

I hope you have an awesome day, packed with smiles while searching for your active Birmingham AL Real Estate Dream.

How would a debt default by the federal government impact the home mortgage market?”

We can only guess about the extent of the impact, but it would range somewhere between ugly and catastrophic. Ugly might be a doubling of interest rates and a drop of 50 percent in loan volume. Catastrophic would mean an almost complete shutdown.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

About 95 of every 100 home loans being written today are placed into mortgage-backed securities that are sold in the market with guarantees by Fannie Mae, Freddie Mac or Ginnie Mae. These are federal government guarantees, the value of which would drop like a rock with a default.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

At best, the securities market would immediately demand a sizable rate premium on new guaranteed mortgage-backed securities to compensate for the added risk. This would immediately translate into sharply higher interest rates charged to new borrowers.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN YOUR AREA

At worst, the markets for these securities would stop functioning altogether as investors retreated to the sidelines to await further information on which government obligations would be honored and which would not. That could be a long wait, as the systems the government uses to make payments have no provisions for allocating funds when there isn’t enough money to pay all claims, and there are no contingency plans for this contingency.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

“If a default had the horrendous consequences you describe, and these induce Congress and the Obama administration to agree finally on an increase in the debt ceiling, how long would it take financial markets to return to normal?”

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN YOUR AREA

Markets would never return to a state where U.S. government obligations are viewed as riskless. We will pay for this loss of grace forever.

CONTACT YOUR US HOUSE OF RERESENTATIVES AND US SENATORS TODAY!!!! OUR FUTURE AS A NATION DEPENDS ON IT

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN YOUR AREA

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 07/26/2011 PM VERSION

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