So the government is attempting to bail out the mortgage industry and in so doing has handed Fannie and Freddie untold billions of dollars to "help jump start the housing market".
There are untold thousands of foreclosed properties currently on the market for sale but if you were to study these listings state by state you will undoubtedly find that a few real estate brokers in each state hold the lions share of these listings. So much for "spreading the wealth".
If these brokers can handle the load without bogging down the process than, "good for them". My experience from the other side of the fence has been that these brokers for the most part are overloaded and do not have a good system in place to assure a timely transaction. Adding to this dilema are the subcontractors appointed by Fannie & Freddie.
To read more go to The NH Real Estate Market Voice.
If you are thinking about purchasing a bank owned property, please consider hiring a buyers agent to help you navigate the torraine. You'll be glad you decided to have someone in your corner.
Judy Tuscano, REALTOR
Prudential Verani Realty
603-498-2263 cell phone