fannie mae: I Don't Know....You Decide! - 06/12/12 10:19 PM
Real Estate News: Do We Need Freddie Mac and Fannie Mae?
There’s a flicker of hope despite the nightmarish poverty and unemployment numbers released in the past week. Signaling that the government is indeed concerned about the housing market situation, top Senate lawmakers started debating housing finance reforms at a Congressional panel. Among the issues taken up were whether to wind down government backed entities Fannie Mae and Freddie Mac. Many people following the housing market have wondered, why do we need Freddie Mac and Fannie Mae at this stage in the game? According to Reuters, lawmakers on both sides of … (0 comments)

fannie mae: Foreclosure and Second Properties...Courtesy of Keller Williams. - 01/07/12 02:07 PM
Foreclosure and Second Properties
What Does it Mean to Buy and Bail? ôBuying and bailingö refers to the act of buying a second property and allowing a first home to fall into foreclosure. Homeowners who purchase second properties in this scenario are typically ôupside downö on their primary residence, meaning they owe more on their first home than it is worth in the current market. It's likely that they had an adjustable rate mortgage and their monthly mortgage payment grew to a payment they could no longer afford. For some, an easy solution appears to be buying a second property at … (0 comments)

 
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Greg Schamp

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Keller Williams, Sonoran Living

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