There have been many efforts to help homeowners this past year. Varying degrees of success have been reported among the numerous well intended programs. I applaud the success stories Of those that have been able to refinance, or have their loans modified in a meaningful and sustainable way. Unfortunately, not everyone in that is in need of help has received it. Even worse, some that have received help are disappointed to find that the relief was only temporary. Click here to see an article from Reuters News with more information.
There are a growing number of people on the brink of abandoning their homes, as they feel they will never catch up. Click here to see a story from Florida Realtors with sobering statistics. There are concerns that the Fed may soon stop buying mortgages at their current pace. It is not reasonable to believe that this activity can continue indefinitely. Click here to see an article From Realty Check with some interesting facts. Does this mean that we are heading back down the road to more troubled times in the housing market. I do not believe so.
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