Most experts agree that the rising rate of foreclosures across the United States is being driven in large part by the creative financing packages lenders have been offering in recent years.

So what’s the status of these types of loans now? Interestingly, they’re still very popular. According to Realty Times, lenders are paying more attention to the collateral by scrutinizing appraisals, home inspections, market conditions, and other property value indicators, but the “alternative loans” are still popular and being made at an increasing rate.

Click here to read Broderick Perkins’ article on this hot topic.

Jackie
Chief Blogger
Wealth Intelligence Academy