reo: Has NAR Kept the Banks Out of Real Estate?
- 06/14/11 10:02 AM
When there was a heated debate about the National Association of REALTORS® annual dues increase just one month ago many argued that any increase was justified. Some said an extra $40 was worth NAR's fight to keep the banks out of the real estate business. And of course other NAR initiatives were noted. As everyone knows that dues increase is now fact. But has NAR really kept the banks out of real estate? Sure, banks can't list homes. However, the banks control the real estate market in other ways; deciding when to list foreclosed homes, deciding short sale prices (sometimes with … (39 comments)
reo: HELP FOR NJ SUBPRIME BORROWERS?
- 03/12/08 12:03 AM
Several New Jersey Legislators have proposed a plan to assist homeowners with subprime loans, those loans typically written for those will bad credit and low incomes. State Senator Ronald Rice wants a 6 month moratorium on subprime loan defaults, a new loan fund to help people stay in their homes and to allow some homeowners who loose their homes to stay for awhile. The legislation calls for: A 6 month moratorium to giver borrowers time to find a solution. Creation of a fund generated by a $2000 fee charged to lenders for each subprime foreclosure and $1 million from the … (3 comments)
When there was a heated debate about the National Association of REALTORS® annual dues increase just one month ago many argued that any increase was justified. Some said an extra $40 was worth NAR's fight to keep the banks out of the real estate business. And of course other NAR initiatives were noted. 
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