Stop Foreclosure Doomsday

The foreclosure naysayers and doomsdayers are making the impact worse then it is.  You don't have to believe the hype.  Yes, there will be some fallout but nothing like they are anticipating.  A majority of the homeowners who purchased their home using ARMs (Adjustable Rate Mortages) are not going to be shocked when all of a sudden it starts adjusting.  They either purchased the house this way because they had no choice (subprime) or because they wanted to take advantage of the low rates at the time.