The Real Estate Mango

Important Features of the Housing Recovery Act 2009

The new bill addressing foreclosures and real estate is a complicated bill, no doubt, but here are a few important provisions that stand out and will help the housing market, tremendously.

1. Lower interest rates for mortgages
2. Greater ability to get financing through FHA, Fannie Mae and Freddie Mac in high cost areas.
3. A true Tax credit incentive to buy a home NOW
4. Foreclosure negotiation and short-sale standards

All this will help our market and will make getting loans easier.  As you know, getting financing at this moment until these new features go into effect, has been almost impossible for condos, in particular.

As they say, Help is on the Way!!

Call me with any questions.

This entry was posted on Sunday, February 22nd, 2009 at 7:03 am and is filed under New Developments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1. Jeff Sartaine said at February 24th, 2009 at 6:28 am

   Lee,
   I really like your Blogs! They are very detailed and insightful. Keep up the good work. How do you market the site? Do you have a list of email addresses of people that are prospects? I think you have a good product here and so marketing it effectively would be the key to it paying off for you.
   Jeff

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