“1. 80% or so of homes sold after about 2002 have explosive ARMs.”
does anyone know the total number of homes that have been sold since 2002? In other words, if 100,000 sales were made in the past 5 years, then that would mean there are 80,000 with explosive ARMs.
I’m just trying to get a feel for how many homes in S.D. are in trouble. I realize we would need to add to that number the homeowners who have HELOC’d themselves into trouble.
BTW, I live in a gated complex in Mission Valley and when I got home today there was a Notice of Trustees sale taped to the entrance gate. I wish I had a digital camera, I would’ve posted a picture of it.
