Saturday, December 4, 2010

My Conspiracy Theory proved correct - Foreclosures Resume - and Should earmark funds be used to re-initiate the home buyer tax credits? | Benzinga.com

Not really much new news... we all keknw the foreclosures would resume and it was going to be covered up! great posting by fellow blogger.



My Conspiracy Theory proved correct - Foreclosures Resume - and Should earmark funds be used to re-initiate the home buyer tax credits? | Benzinga.com: "foreclosure moratorium was merely a political ploy for candidates running for office and that they'd resume shortly after the holidays.

Well It looks like I was right! Fannie Mae and Freddie Mac sent info this week to agents handling their REO properties to put them back on the market. I'm shocked they didn't wait until the holidays were over BUT they did indicate that evictions and lockouts would not yet resume, which as I've said before is consistent with what they do every year. I strongly believed this was just as much politicking as it was about checking out 'robo signing' and I think this helps support that point. Its hopeful this inventory will help end the year on a strong note for real estate markets across the country since many deal hungry buyers have been fence sitting since the announcement afraid that the 'deal' they've been waiting for is in bank review land.

The other tidbit of news affecting the real estate world this week is Florida's Democratic Senator Bill Nelson announcing a plan to use earmark funds in order to re-initiate the home buyer tax credits so p"

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