Cramer: Forget About Buying A Second Home

MainStreet.com, September 10, 2008 — ...Right now the banks are having a hard time securitizing second-home loans. Fannie Mae hasn't been willing to take them, perhaps because of this crisis. They ALWAYS used to have a program set aside for second homes. The banks don't want to get stuck with them.

...When the rich are getting turned down for second-home mortgages, it is a sign that the prices are simply illusory UNLESS you can buy in cash. Perhaps that's next down the road as the price of real estate grounds down.
More-->

Vacation Homes For Sale and Vacation Rentals

Marty & Laura Dobos
Images

Company: Green Valley Arizona Real Estate
Address: 180 W. Continental Rd. Suite 100
City: Green Valley
State: Arizona
Zip: 85622
Phone: (877) 800-4351
Mobile: (520) 904-1690
Homepage: http://www.greenvalleyazsearch.com/
Info: Green Valley, Arizona, is much more than a booming Arizona retirement community. With nine golf courses, shopping plazas, dozens of clubs and volunteer organizations, medical facilities, places of worship and recreation centers, Green Valley is a destination for retirees seeking an active lifestyle. There are 13 recreational facilities worth over $20,000,000... from giant olympic sized swimming pools, auditoriums, craft studios including lapidary facilities, gym and fitness equipment, tennis, racquetball, and meeting rooms. If you can name it, they probably have it.
Contact Agent

Other listings from this user:

This user has been viewed 43 times.

Over 32,500 Products for Your Vacation Home

Security

Home Designs

Cramer: Forget About Buying A Second Home

Vacation Homes For Sale and Vacation Rentals