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 First Time Buyers in 2005 Did Zero Down Programs 43% of the Time.
By: Darin "Sid" Cameron, CRS
Fri, Jan 28th, 2011 1:53 am

Migrating old blog posts to this website and saw this post from March 2006.

NAR has released stats showing that in 2005, 43% of first time home buyers (i.e. people with no track record of paying their mortgage on time) had been able to buy a home with no down payment.

Almost half had no ownership equity in their home.  So why again were banks surprised when loans went into default?

http://www.stlagent.com/blogs/slre/a.php?43-of-First-Time-Buyers-Made-No-Down-Payment-in-2005-166

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Darin "Sid" Cameron spent 15 years working in the technology industry which in 1998 relocated him to St. Louis. In 2004 he took over web development tasks for Kimberly's real estate team and later became the full-time Marketing and Operations Director in 2005. In 2011 Sid launched two brokerages, The Realty Store, Inc. and Realty Referral Partners, Inc, while continuing to perform marketing and operations for Kimberly's team. Sid holds a real estate broker's license in Missouri, CRS certification and was the first CyberStar in the St. Louis area.
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