Home : Blogs : Kent Simpson REALTOR® and some other alphabet soup : TucsonKent's World: Tucson Real Estate Blog

Foreclosure Relief & Mortgage Protection Bills Before Congress That May Help Our Business

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"

Posted by Kent Simpson REALTOR® and some other alphabet soup on 05/07/2008 11:09 AM

Comments (5)

foreclosure relief, mortgage protection, legislation

Originally posted at: Tucson Real Estate News: Foreclosure Relief & Mortgage Protection Bills Before Congress That May Help Our Business

Post is included in group: Realtors®
Post is included in group: The Economics of Real Estate
Post is included in group: Almost Anything Goes
Post is included in group: Dedicated Bloggers

5 Comments on Foreclosure Relief & Mortgage Protection Bills Before Congress That May Help Our Business

MAY

2008

I'm hoping, more than anything, that there would be more firm guidelines on the short sale process... with the beleaguered lenders there's definitely more assets to be moved and too few to be able to handle the traffic.

MAY

2008

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!

MAY

2008

Kent,

Let's grab a cup of coffee. I have all nine pages of this, and it will help. Call me.

Mike in Tucson

SEP

2008

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.

Leave a response…

Name:

Email:
(optional)

Comment:

What does the graphic say?