The following link was shared by JMO reader Tim Heffernan...thanks Tim!
Although I've been talking about this for over a year, it looks like the news media understands the impact of the impending recast or reset of Pay-Option ARMs. It's worth it to watch the entire video. I learned that despite the "foreclosure moratorium" there is a Florida company that is evicting as many as 20 homeowners every day on behalf of the banks with that number growing rapidly.
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