This problem was predicted in the summer of '06 as the interest only and ARMS started coming due. In fast growing western Arizona and Phoenix people were buying second homes on interest only purely on speculation that the value would go up quickly and the resale would happen before the piper came to call. RLK
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This problem was predicted in the summer of '06 as the interest only and ARMS started coming due. In fast growing western Arizona and Phoenix people were buying second homes on interest only purely on speculation that the value would go up quickly and the resale would happen before the piper came to call. RLK
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