August 29, 2008
The Boston Globe published this article a couple of days ago. I think it’s a solid starting point for people who are contemplating the purchase of a home, but have reservations given the state of the housing market. Though the mortgage crisis has created opportunities for buyers, it has also made people gravely aware of the consequences one risks if they get wrapped up in a bad situation.This article gives the potential homebuyer clear-cut advice to know where to begin and how to be proactive against future mortgage woes.
Non-profit organizations I’ve mentioned before, such as Urban League and Beyond Housing, offer pre-purchase counseling, which can offer more perspective into the housing market as it relates to local neighborhoods.