HLS is the taking over of payments something that is feasible today? In the last downturn I saw it happen because almost everyone had a fixed rate loan and many had lower rates than the current market so it was done in situations where the realtor commisions was the margin of the short, so it worked for both buyer and seller. The buyer got a loan at about the same payment but with a few years knocked off and no downpayment, without the PMI, seller got out intact with no credit ding and no tax bill for the short, it was symbiotic in certain circumstances. Any of those 5-6 people that don’t have a toxic arm and are South of lower 79, you have my e-mail, maybe I can get at or below 6%, sub 30 yrs and the karma factor to boot. Because I have a downpayment I think my best bet is with the standing inventory from the builders but you never know until you see the numbers.
