So sorry, but I have to vent about this.......

CROCK #1:
The $7500 Buyer Credit has turned out to be a crock!  Yes, you can get it if you buy your first home (or buy one after not having owned one for 2+ years).  However, you will NOT get it in time to use as your down-payment!  Buy the time a buyer receives it... it's too late.  Yes, you could use it to eliminate some debt but we all know that it is alot more interesting to purchase that new motorcycle, big screen TV.... etc. etc....   So the claim that it is for "Helping" Buyers get into homes is a CROCK .. It's to help them build more debt - They have to pay back the $7500 in 15 years!  So, more debt unless they pay off their current debts with it.

CROCK #2:
I know I'm not the only one that would love to be able to direct those in need to a way to SAVE their homes, not to mention their credit.  So, when I heard about the new "Economic Recovery Act" and how it has given the State of Idaho $100,000,000 to help homeowners that ended up with those "SubPrime" loans I was elated and put the word out!

WELL... here comes the "CROCK"  on this one... The only homeowners that will qualify are those that still have good credit.   You know... their rate has not yet adjusted and they already know they will not be able to afford the new adjusted payment... What about those that need it NOW!!! You know, those that are struggling to make that new adjusted payment and will end up in foreclosure it they don't get help NOW...  They seem to be out of luck.

And just try to find out how you can get the help from the $100,000,000 allocated for Idaho....  No one seems to know what to do, where to start or how to do it!  Is it just me, or does anyone else get the feeling that allot of this money is going to go to Bureaucracy and not into the hands of those that actually need it?

NOT a CROCK: Finally something REAL and Tangible to help get buyers into homes ( or refinance at an affordable rate) and sellers out of theirs!  The recent changing of the guards of Fanny Mae & Freddie Mac has resulted in "The interest rates are dropping"!  3/4 points now and more to come. Not a CROCK like the nearly useless "Credits" and "Recovery" acts..... 

Thanks for letting me vent!  Oh, and if I am wrong about any of the above or you have any answers, please, please .... Please let me know!

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Update:  I have found the info needed to STOP FORCLOSURE and "Modify your Loan" to to my blog at:

URGENT! Distressed Home Owners / Seller's - Follow these Steps to Avoid Foreclosure and "Modify your Loan" - Effective Immediately - It's LAW!

Please contact me with any of your Real Estate / Relocation / Referral needs:

Pam Jank, Realtor, GRI, CRS, ABR, RRS, PPS
Your North Idaho Real Estate Pro
FREE MLS Listings Search at:
Web:  Coeur d'Alene Idaho Homes for Sale
email to:pamjank@hotmail.com
Phone:  208-661-2282
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COLDWELL BANKER SCHNEIDMILLER REALTY
435 W. Hanley Avenue
Coeur d'Alene, ID  838315