NAR has posted details on 2 bills originating in the House that could have positive results for the public, and by these benefits, the RE business in general. Both bills are very different and will affect different segments of the population.
Hopefully, the tax credits offered will stay intact and be available to those who can benefit most from them. To see what the bills' provisions are, click on this link:Tax Provisions - Mortgage Protection and Foreclosure Relief Legislation
HR 5720 and HR 3221
Specializing in Buyer Representation in the Tucson, Arizona real estate market.
"Never forget - Real Estate Is About People"
Kent,
I'm expecting that the market will turn around, and short sales will be a bad memory soon.
Mike in Tucson
Chuck, Mike - thanks for your comments--more food for thought. I feel like I'm seeing the market turn around slowly, and having guidelines on the short sale process will help. Right now, a short sale is like Forrest Gump's box of chocolates: you never know what you're gonna get!
Kent,
Let's grab a cup of coffee. I have all nine pages of this, and it will help. Call me.
Mike in Tucson
Even though people don't realize lenders do not want people's property. They have options to help borrowers through difficult financial times. Of course the further behind you become, the harder it will be to reinstate the loan and the more likely that they will lose their house but that does not mean that people cannot overcome such situations. If you want to learn more on how you can avoid foreclosure prevention there are some great sites which will help you such as www.prevent-foreclosures.net. Not only they offer help but also great tips on how you can avoid same.