To my readers: As all of you loyal readers know, I have long supported Seller Funded Down Payment Assistance (DPA) programs such as Nehemiah and Ameridream. They fill a need for buyers who are NOT bad buyers. I have sold many houses this way and not one that I know of has ever ended in foreclosure! I have been for the re-instatement of these programs after the Housing Bill was chartered to wipe them out. I was encouraged this morning to see the other Active Rain bloggers are getting highly involved. I think we may be winning! Show your support for HR 6694 which should be moving to the floor in the House of Representatives any day now! Contact your Representative and tell them you support this bill! Happy Reading!
Via
Patricia Kennedy:
Whatever your cause, you get my respect if you step into the political arena to take real action, you get my respect! And today, blog buddy Jeff Belonger earned mine.
Jeff spoke at a rally to support legislation that, if passed and signed by President Bush, would save the down payment assistance programs. And he speaks well. Very well, in fact.
He shared his experiences with these programs in his own mortgage business, with facts and figures to demonstrate that these programs did not cause of the mortgage crisis.
I think Jeff can teach all of us about the old "doing well and doing good" work ethic.
After the rally, we drove to Old Town in my unstaged car and had lunch with Brian Block, who missed the rally. He opted instead for the McCain/Palin rally. I was really disappointed in him!
And Brian and Jeff both got to experience my unstaged car first hand. I think they're still laughing!
Update: Hey All! Yes, Jeff does clean up real good. Unlike my car. Here is Brian Block experienceing the back seat!
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i believe that DPA has its place but needs to be used intelligently. oh, and isn't it HR6694, not 5594? =0)
Chris the implementer