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May 27, 2008


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I've been wondering about lower income homes, those at less than 100,000.00 I don't know what resources to use to check statistics, but I wonder what percentage of those is being hit by the mortgage crisis. This has been running around in my head because as you stated, people who have been overreaching are generally those who are going into default, and usually lower income homes aren't being purchased by persons overreaching.

I am thinking of buying a new home but will not be able to do this unless I sell my home. With the market in the shape it is in do you see any light at the end of the tunel. I'm between a rock and a hard place. If I wait until the market is better then homes will go back up along with intrest rates. Do you have any suggestions that my help me with this problem.

Leo --

Are you trading up or down?

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