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erniefreeman's Blog

by erniefreeman from Memphis, Tennessee

Last Post 1 day, 6 hours Ago


Subprime Mortgage Meltdown
Feb 12, 2008 | 2:58 PM
Category: News
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How hard do you think Memphis has been hit by the subprime mortgage meltdown?  It's probably  worse than you think.  What were the forces behind the meltdown?  The answer to that question might surprise you.  Is it over?  Hardly.  On Fox-13 News at Nine tonight, the I-Team shows you things about the subprime mortgage meltdown you probably did not know.  How we got here, what the future holds, and saving yourself from the American nightmare of foreclosure.  Find out that and so much more. 
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Member Comments Total Comments: 4
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SianSkye read my blog view my photos
Feb 12, 2008 | 4:01 PM

One way to prevent foreclosure that you don't hear much about is to NOT BUY A HOUSE YOU CAN'T AFFORD. That's only common sense. And no, this meltdown is far from over.
erniefreeman read my blog view my photos
Feb 12, 2008 | 4:27 PM

True and true SianSkye, and that's not all. Tune in tonight and you might hear something about this crisis that you have not heard before.
SianSkye read my blog view my photos
Feb 12, 2008 | 4:52 PM

Unfortunately it's not only the buyers that are being affected by this meltdown. It has affected businesses and people all over the board from the contractors themselves to the elctricians and plumbers, etc. The mortgage lendors were selling homes to people with bad credit, no money to put down, etc. But these buyers in many cases didn't read the fine print. I can't stress enough how important it is to read and to understand everything that is in your contract. If you don't know - then ask.
SianSkye read my blog view my photos
Feb 12, 2008 | 4:52 PM

And I'll be listening tonight. :0)
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erniefreeman

Co-Host of the Emmy Award winning Good Morning Memphis on Fox-13, and a member of the Fox-13 News I-Team, I also make the best mac and cheese in the world. Just ask Valerie Calhoun. After an 18 month layoff, I resumed my golfing pursuits April 26th, 2008. I think I'm going to resume saying, "it is what it is." If I'm hanging out in Memphis I'm at Onix on Main Street and EP's Delta Kitchen on Beale Street. If you have a cell phone, I will send this text message: How about those New York Football Giants! all year long. I recently stopped drinking coffee, and life without it is fine.

Member Since: 10/3/2006


 

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