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How Can We Get The Banks To Listen?
Much has occurred since that time in our Real Estate market.  We were blessed with a strong market where most of us thought we were in "Bay Area Heaven".  Sellers were happy with offers, and buyers were excited to jump into the market and make lots of instant cash like everyone else!  Yes, things have changed.  Those days are LONG GONE!  The only gracious part of it all, realtors made money, banks made money, and sellers made money.  The 100% financing led us into a frenzy of over-exaggerated appraisals which has led us into the problem of today.     
 
I have continued to be a strong participant in the market, and a strong REO/foreclosure listing agent in the local areas.  2008 brought many sad days to many of those over-anxious and excited buyers in 05/06 with 100% financing.  They are under water.  Many foreclosures occurred.  The moratorium both on the state and federal level in-acted to slow down the foreclosures and to assist some families  has worked to a degree.  The  first-time home buyer tax Incentive (ending Nov.1,09) offered a strong stimulus to help get first time home buyers some buying power.  The FHA also assisted with solid lending. 
 
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