communities: Who should be bailed out of the housing crisis?
- 06/22/08 05:52 AM
As our country braces for the worst housing crisis in history, blame for the fiasco is shifting from one entity to the next. Estimates on foreclosed homes have eclipsed the million home mark. Foreclosures are on the rise and we still don't see an end or a solution to the problem. As I watch the nation's mortgage lenders go through their financial freefall, it makes me wonder. Who really is to blame and who, if anybody, should be bailed out? On one front you have the mortgage bankers. These are the brilliant minds that force fed the people with interest only … (18 comments)
communities: Where is the help for homeowners in foreclosure?
- 04/26/08 06:44 AM
Where are the groups that are helping homeowners through this difficult time? I rarely hear advertisements geared toward helping homeowners through this crisis. What you do see on the news daily is how bad things are but, no options attached for a way out!? I have made contact with many community groups within my home state of Michigan and guess what. These Non-profit groups are all under funded and really not geared toward this. Most of the groups that are in a position to help are the ones handling other issues such as domestic violence and things of that nature. They … (5 comments)
communities: Don’t Pass on a Short Sale! Pass it on to an agent that will work it.
- 03/26/08 03:01 PM
I've been hearing a lot of negative rants from agents regarding the short sale process. They take too long... the lender doesn't respond... why won't the bank call me... I'll never do another short sale again... Enough already! Sure, short sales are not for the agent that doesn't have the patience or intestinal fortitude to deal with all the work that goes into them. I do short sales because I really do want to help people in distress. There are Realtors in every market that are ready and willing to take on the challenge. Pass the deal along to them! When … (5 comments)
As our country braces for the worst housing crisis in history, blame for the fiasco is shifting from one entity to the next. Estimates on foreclosed homes have eclipsed the million home mark. Foreclosures are on the rise and we still don't see an end or a solution to the problem. As I watch the nation's mortgage lenders go through their financial freefall, it makes me wonder. Who really is to blame and who, if anybody, should be bailed out?
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