There is a lot of information about the much needed STIMULUS that we all have to read and absorb. The first, from President Obama's speech in Phoenix, Az, yesterday directly affects what we do --- each day. It is best to read for yourself in order to digest --- how you can help your buyers and sellers.
According to his plan there four key elements of the Homeowner Affordability and Stability Plan:
- refinancing help for four to five million homeowners who receive their mortgages through Fannie Mae or Freddie Mac
- new incentives for lenders to modify the terms of sub-prime loans at risk of default and foreclosure
- steps to keep mortgage rates low for millions of middle class families looking to secure new mortgages
- additional reforms designed to help families stay in their homes
The best place to see the exact detail of this portion of the plan is the newly updated website www.WhiteHouse.gov . This site will provide an over view, fact sheets and updated information --- which --- we never had before.
This web site will help you stay informed and help you --- inform your clients --- with the facts. ( Let's face it --- we can argue our points of view each day --- but --- this is what we have so read, learn and get out there and help people sell real estate. )
Remember --- Real Estate is LOCAL.
Let's get out there and be ready for the Spring Real Estate Market....