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Mortgage Crisis Relief Announcement

Real Estate Agent with Allison James Estates and Homes SL3168091

I thought all day about the announcement today from the President about the relief for the Mortgage Crisis. Then I started looking for the loyal bloggers; those folks who I can always count on for mental hopscotch and great opposing sides.  Sadly, no-weigh ins...can't find them except in the newspapers and the AOL world.  I can say that I was a little surprised.

Whatever your feelings are about the solution proposed today; and whatever your political affiliation, you've got to be scratching your head a little bit don't you?  The temporary freeze takes us right up to the vote on January 29th.. for the next person to deal with.

The only opposing sides that I read were : "well, atleast its something" or "why postpone the inevitable"... nothing real meaty though.  From a business perspective, it seems like for us as Realtors that it puts a definite freeze on our business as well.  Just from a visual perspective it's like Mortgage Limbo, or pergatory as it may be for most.  Seems like a tough place to be stuck, even if it is only for a couple of months.

I also wonder what it will do to the mortgage brokers; is this the nail in the coffin for most? Well, whatever happens, and whatever the consequences; buckle your seatbelts..its going to be a long year.  As always, I love to hear your comments. 

A shameless plug, pass the word on...lets try and get the same amount of people who vote each week for reality shows to get out and vote on January 29th, 2008. Tell all your friends...Bring a friend to the polls. YOU do make a difference. Again,  I don't care how you vote for, just vote.

I may have a surplus of short sales that may have a sigh of relief for a minute, so if you have anyone that wants a great deal on property in Brevard County, FL please visit my website; www.abrevardagent.com or call me, Josephine Carpenter, 321-243-4519

Comments (2)

Max de Vries
Intero Real Estate Services - Livermore, CA
You must have missed my blog. The government has no business getting themselves involved. We are not a socialistic system but a democracy and Washington can not decide who has to pay what for a mortgage. it is a bad Idea that sounds real good.
Dec 06, 2007 02:43 PM
Alix Pinzon
Open Mortgage, LLC NMLS # 2975 - Downey, CA
The lenders know the real estate cycle, and now the consumers do too.  Next time around, they'll be more prudent.  I'm in favor of pulling the government regulators out of their homes, and tossing them into the streets.  Being a natural conservative, I'm never in favor of any bailout, at taxpayers' expense. 
Dec 06, 2007 02:54 PM