declining market: Fannie Mae, Keys To Recovery - Great News!
- 05/18/08 04:45 PM
I wanted to provide you with some great news that surely should add some hope in the air and put a few more thousand families a little bit closer to homeownership. Many of you might recall last December, when virtually all of Northern Virginia (and over ½ of the country), had been declared as being in a “Declining Market.” This had been a point of contention for many consumer groups, including the National Association of Realtors, because both Fannie Mae and Freddie Mac initiated a “Maximum Financing Policy” in these markets that required most buyers to come up with at … (0 comments)
declining market: To Short Sale or Not...Just Let Go
- 04/23/08 05:38 AM
Looking at the current housing market and the plight of so many people everywhere, many people and institutions have serious, potentially life-altering decisions they either have to make, or could be faced with soon enough. What I’m talking about is the possibility of people who have to sell and are upside down in their mortgages. Do you continue to struggle to make payments on a mortgage that you can no longer afford? Do you let the house simply go into foreclosure so that the house goes back to the bank? How about a Short-Sale, where the home gets sold for less … (8 comments)
I wanted to provide you with some great news that surely should add some hope in the air and put a few more thousand families a little bit closer to homeownership. Many of you might recall last December, when virtually all of Northern Virginia (and over ½ of the country), had been declared as being in a “Declining Market.” This had been a point of contention for many consumer groups, including the National Association of Realtors, because both Fannie Mae and Freddie Mac initiated a “Maximum Financing Policy” in these markets that required most buyers to come up with at … (0 comments)
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