|• Foreclosure||• 1 bathrooms|
|• 3 bedrooms|
Here is the background -
- Purchased Oct. 2005 - $240,000
- Mortgage Oct. 2005 - $192,000 - ARM with Balloon from WMC Mortgage Corp.
- Mortgage Oct. 2005 - $48,000 - 15 Year from WMC Mortgage Corp.
on Craigslist for $225000 Townhouse , but For Sale at UbidhomesNJ for 219,000 Sale
It’s been reported that WMC Mortgage the wholesale residential subprime and Alt-A Mortgage unit of GE Money, laid off the majority of its staff yesterday.
Tomorrow I will be checking out this Truthaboutmortgage website. Aside from finding these heavily HELOCed houses - it is interesting to see that the parallel with the mortgage companies that loaned the funds are now out of business.