Novato, CA (PRWEB) December 17, 2007
Homeowners with adjustable rate mortgages (ARMs) are facing a real crisis as they see their monthly payments increase. Foreclosures are the highest they've been in the past 35 years or more. Real estate values have decreased by as much as 40% in once hot markets like Florida and Arizona. Even renters who have faithfully paid each month are being evicted as landlords default on their loans.
President Bush recently unveiled a plan to freeze interest rates for those with subprime mortgages. There are about 2 million subprime mortgages, and unfortunately not even 20% of this group can even qualify. It's the classic case of rearranging chairs on the Titanic.
A new book is available giving answers and practical guidelines on what to do. It's called, Mortgage Meltown---Your Complete Survival Guide. It's written by Robert Lansburg, who has spent more than 25 years in the financial services industry. He was an industry arbitrator for the New York Stock Exchange and NASD and wrote a column on issues of financial consumer awareness for MoneyWorld magazine.
The book covers such topics as:
- What you MUST know to survive the current Mortgage CRISIS
- The 7 questions you must know and ask about your Adjustable Rate Mortgage
- What you need to know if you have a Fixed or NO Mortgage
- Warning to Renters - The Crisis Affects You TOO!
- The Subprime Issue
- Baby Boomer Mortgage Nightmare
- How Far Will Your Money Go?
The book was written to provide real world answers for anybody who is concerned with the current mortgage nightmare. It is available for $19.95 at http://www.retirementbulletinboard.net and http://www.retirementbulletinboard.com.