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Fannie Mae REO Incentives and Other Stuff in the Weekly Housing News

By
Real Estate Broker/Owner with Broadpoint Properties Cal BRE #01324959

Each and every week, there are things going on that impact housing news and the real estate market. Sometimes there are big changes to federal and state policies that impact the distressed property world. Other weeks, there is business news and distressed property news about government programs for distressed borrowers. Or, there are hot topics that impact real estate agents. As such, it’s great to have a weekly housing update. Weekly Housing News for Week Ending February 21, 2014 Read below to learn about some of the interesting housing news and weird stuff that went on this week in the distressed property and real estate agent arena:

Incentives to Purchase Fannie Mae Homes as REO Pardon the snark, but maybe if they didn’t ask such a high price on their short sales and then foreclose when they couldn’t get it, Fannie Mae wouldn’t have to offer this incentive. Just my two cents.

Rust Consulting: Tax Docs Sent to People Who Never Got Paid Imagine this: you must pay taxes on money you never received. Now multiple that by 500,000 people and you may have a problem. Read this article to learn more.

Your Field of Dreams Remember the move? Well, there’s actually a marketing theory based upon concepts in the movie. If you build it, will they come? Think about it and consider how this theory applies to your real estate business.

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In any case, there’s lots going on in the housing news arena. And, if you are actively working with ‘distressed’ borrowers and housing, it’s important to keep up with the news and all of the changes in the industry. Sometimes that’s hard, which is why we’ve provided you with a weekly recap of the distressed property news and housing news right here.

Comments(4)

Raymond E. Camp
Ontario, NY

Good morning Melissa,

It is not just Fanny Mae. It sem all of the mortgage institutions have lost their minds on pricing and what they will accept for some of these homes!

Make yourself a great day.

Feb 22, 2014 10:41 PM
Tracy Oliva
West USA Realty - Arizona - Fountain Hills, AZ
The Oliva Team Arizona Agents

Good Morning and this some great Info for all in the market!!  keep up the good work and good luck in 2014,  E

Feb 22, 2014 10:47 PM
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Thank you for sharing the weekly housing news. We all can benefit by being informed to better serve our clients.

Feb 23, 2014 09:19 AM
Joy Baker
RE/MAX Insight - Salem, NH
So NH RE & Short Sale Specialist

I think the snark is well deserved, Melissa!  Good post!

Feb 23, 2014 11:54 AM