Comments on: 5 More States Get Federal Money For Foreclosure Relief http://www.therealestatebloggers.com/housing-general/5-more-states-get-federal-money-for-foreclosure-relief/ Real Estate Blog, Mortgage, and Development News Mon, 13 Feb 2012 21:57:55 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Paul Lyons http://www.therealestatebloggers.com/housing-general/5-more-states-get-federal-money-for-foreclosure-relief/comment-page-1/#comment-418255 Paul Lyons Thu, 21 Oct 2010 23:21:50 +0000 http://www.therealestatebloggers.com/2010/03/30/5-more-states-get-federal-money-for-foreclosure-relief/#comment-418255 The very bottom of the real estate market is 100 percent occupancy. Prices do not return until inventory deminishes. The slow rebound is a lack of financing, damaged credit and loss of equity due to excessive inventory and a home retention system that is slow and uninformative. Easy financing got us into this mess and easy refinance is what will get us out.. The solution lies refinancing the glut of forclosures at rates people can afford to reduce inventory. One idea that may work is for the banks to send new statements of interem refinance via certified mail directly to the borrower. If they do not make that payment then foreclose. Forclosure is not profitable for fannie ma and freddie mac. The very bottom of the real estate market is 100 percent occupancy. Prices do not return until inventory deminishes. The slow rebound is a lack of financing, damaged credit and loss of equity due to excessive inventory and a home retention system that is slow and uninformative. Easy financing got us into this mess and easy refinance is what will get us out.. The solution lies refinancing the glut of forclosures at rates people can afford to reduce inventory. One idea that may work is for the banks to send new statements of interem refinance via certified mail directly to the borrower. If they do not make that payment then foreclose. Forclosure is not profitable for fannie ma and freddie mac.

]]> By: Gainesville real est http://www.therealestatebloggers.com/housing-general/5-more-states-get-federal-money-for-foreclosure-relief/comment-page-1/#comment-416309 Gainesville real est Wed, 31 Mar 2010 23:11:08 +0000 http://www.therealestatebloggers.com/2010/03/30/5-more-states-get-federal-money-for-foreclosure-relief/#comment-416309 Remember those $600 stimulus checks a few years ago? A waste. Remember those $600 stimulus checks a few years ago? A waste.

]]> By: Mark Arenella http://www.therealestatebloggers.com/housing-general/5-more-states-get-federal-money-for-foreclosure-relief/comment-page-1/#comment-416298 Mark Arenella Wed, 31 Mar 2010 14:33:08 +0000 http://www.therealestatebloggers.com/2010/03/30/5-more-states-get-federal-money-for-foreclosure-relief/#comment-416298 It's my feeling that this is all just a band-aid. It's just a temporary fix. Thanks for sharing! It’s my feeling that this is
all just a band-aid. It’s just
a temporary fix.

Thanks for sharing!

]]> By: Doug http://www.therealestatebloggers.com/housing-general/5-more-states-get-federal-money-for-foreclosure-relief/comment-page-1/#comment-416300 Doug Wed, 31 Mar 2010 12:56:04 +0000 http://www.therealestatebloggers.com/2010/03/30/5-more-states-get-federal-money-for-foreclosure-relief/#comment-416300 I agree with Mark above. Like trying to hold sand in a sieve. Might even make the situation WORSE. I agree with Mark above. Like trying to hold sand in a sieve.

Might even make the situation WORSE.

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