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Deal or No Deal – Real Estate is Changing Again
The phone is ringing, is it the bank? You might want to pick that up. There’s some new stuff coming and you need to know what is coming if you are a buyer and if you are seller.
First, what is coming:
2009 Will forever be known as the year of the Short Sale . 2007 [...]
Fannie & Freddie Hold Off On Foreclosures
In a sort of odd Christmas Present to some home owners, Fannie Mae and Freddie Mac has post-poned foreclosing on about 16,000 homes until Jan 09.
"This is another news item that the government is hoping will stem the tide of foreclosures," said Walter Schmidt, head of mortgage strategy at FTN Financial Capital Markets in Chicago. [...]