Finally, the agreement between the Federal reserve and the Banking Industry, for the banks to start really lending money to good, qualified people, who deserve housing loans, in return for the billions of dollars loaned to bail the banks out IS WORKING!!! Buyers are getting financing, as long as they have solid credit, good job history, and a decent down payment. I saw 8 reliable preapprovals this week..from guess what? 8 bonafide offers! If you don't believe me, come in to my office and see my goal board. Also, two of my VVIP clients (people who have bought or sold homes with me in the past, or refer business to me regularly, and therefore are invited to all my events, I remember their birthdays, anniversaries, etc.!) called me recently, concerned about finances, and wondering how they can hold on to their homes. I love them, like I said, so I suggested that they look in to refinancing to reduce their monthly payments, instead of stressfully selling now. And guess what again?? They were able to refinance, and can now stay in the home they love. That's because the banks have an obligation to keep money moving, so hard working people can regain confidence in the economy and in themselves. Things are getting better, even as early as now. Report on that CNN!
Judy Markowitz
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