Wednesday, January 16, 2008

BANK PROBLEMS

It's pretty clear that the fraudulent mortgage loan practices of some brokers has placed some big banks in jeopardy, because the larger institutions buy up large loan packages in the secondary market. We'll probably come out of this eventually; but the economic scenery is going to change.

However, there are lending institutions out there that are trying to loan money to worthy buyers. They want borrowers; and they have money!

The last time I looked, we had one (1) foreclosure for sale! Tyler Texas real estate is still strong. Bring your cash or your loan requirements; beautiful Tyler Texas and East Texas has some great properties for you. And the market here is still very optimistic.

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