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$26B BAILOUT ANOUNCE TODAY

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Real Estate Agent with Exit Real Estate Results

$2000 approximate to each homeowner that was foreclosed on between 2008-2011 R E A L L Y ? !

VIDEO CLICK HERE

$26B Mortgage Settlement: Good for Banks, Not So Good for Homeowners

 
A $26 billion settlement was announced Thursday morning between the federal government, state attorneys general and the five biggest banks in the mortgage market: Ally Financial (the old GMAC), Bank of America, Wells Fargo, JP Morgan and Citigroup. (Editor's note: An earlier version incorrectly identified Ally Financial as being the old GE Capital.)
Meanwhile, several Fed watchers believe the central bank is gearing up for another round of quantitative easing that will focus on (wait for it) mortgage-backed securities. If QE3 is focused on MBS, it will further ease pressure on bank balance sheets and make any hit from modifications easier to digest.

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Nick T Pappas
Assoc. Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, Broker/Providence Property Mgmnt, LLC Huntsville AL - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Tom, $2K doesn't sound like very much money for a homeowner that lost their home to foreclosure.  I also agree with the commentators in the video that everyone seems to be getting bailed out or helped except for those people who do it right!  Not sure what kind of message that sends.

Feb 20, 2012 12:20 PM
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Top 100 WSJ RealTrends 2004-2011 By Transactions (400+ per year) My WHY is "inspiring" agents achieve their maximum potential. Lesson learned. You must give away what you have been so freely given by mentoring, training, service and community involvement. The goal is to free up 80% of the agents time for education, team building, networking, retirement plans and strategizing to stay competitive. To allow the agent to build passive income stream, work 40 hours LESS and be in control of their personal lives. Paid vacations, retirement and saving plans are our first topic of discussion when coaching an agent, another lesson learned. : ) Specialties Corporate relocation, coaching, speaking, foreclosure-bank owned, short sales, aqusitions, mergers, negotiations, residential, multiplex commercial, condominium development, sales and marketing.

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