ABQ realtors pitch in to fill mortgage gap

Nineteen Albuquerque real estate brokers from 13 different companies are working together with Sunwest Trust to fill a vacuum created by the tight credit restrictions that make it virtually impossible for many people to get mortgage loans. Consider:

• · Mortgage denial rates were up nationwide by 15% in 2010, and are anticipated to be higher still in 2011

• · New Mexico has the 6^th highest mortgage denial rate in the country, with 33.7% of loans denied in 2010

• · Denial rates are even higher among minority applicants and self-employed borrowers, and “jumbo loans” requiring higher interest rates are especially affected

• · Yet mortgage application rates are at a 15 year low, as many people don’t even bother to apply!

A solution? Owner Financing!

SO---- Dozens of homes offering easy owner financing for buyers will all be held open in one huge

Owner Financing Open House Tour

September 16, 2011 from 4-7 p.m.

The tour includes homes in Albuquerque, Corrales, Placitas, Cedar Crest, Tijeras, Edgewood, and Sandia Park, NM.

Property details, photos, maps & flyers available online for the general public at www.OwnerFinancing-NM.com.

There will be great refreshments, plus door prizes! There are great owner financing options in NM! Come on out and see us!