Another 90 day moratorium on foreclosures? Help or hurt? Steve Eveleth StevesHomeSearch.com
Another attempt to band aid the open wound. The pres says he doing this to put pressure on lenders to work with home owners……haven’t we already done this a couple times in past 2 yrs? The lenders do not give a shi* about working with homeowners. Thanks to corporate tax laws & legal loopholes for big business believe it or not lenders /investors/hedge funds/insurance companies are actually benefiting from this foreclosure era but you don’t even want to get me started with all that!!
What we need to do is let this thing find its own bottom. Just like the bailout money, what happens when it’s gone? We’re back where we started. Same with the moratorium. You see the problem is deeper than lenders discretion on whether they want to work with people on their loan mods, the problem is people don’t have jobs to pay their mortgage whatever it’s modified to! Let all the foreclosures do what they are going to do, first time buyers are buying them up as soon as they come on the market. All we are doing is setting a new foundation of buyers in solid 30 yr fixed loans. Once economic conditions improve, all the foreclosures are bought up & people are making decent money again we should see some solid ground to stand on……….let’s keep our fingers crossed for the alt energy & science, stem cell something soon”” boom, when? I have no clue; if I knew the answer to that I would be on a beach somewhere not writing these blogs!! As long as history repeats itself we will eventually be in good shape again. Lets not ever forget these times people! You know what’s funny is we are going to be like our parents & grandparents all conservative in 20 yrs all super conservative from the lessons learned “back in the day” the mid 2000’s foreclosure era…lol
Livermore ca real estate agent. StevesHomeSearch.com.Steve Eveleth. Livermore ca real estate news.Livermore ca foreclosures. Livermore ca home search
Steve Eveleth 925-487-2246 not your average suit & tie smiley face realtor. One that is here to help you . No sales or BS along the way. I should not have to “sell” you anything. I should instill your confidence in me that I’m the right realtor for the job of handling one of your biggest financial transactions of your life & taking care of you along the way
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http://www.youtube.com/watch?v=M1dyagct9SE
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