Fannie Mae to the Rescue?
In light of recent efforts by Fannie Mae which include re-opening the discussions of the 4-property limit for investor financing (see post: Kenneth Harney on Rethinking Controversial Limits), and the short-sale speed-up pilot in Orlando (see post: Jerry Jackson of the Orlando Sentinel on Fannie Mae Short Sale Pilot ), there may be some hope that [...]
Jerry Jackson of the Orlando Sentinel on Fannie Mae Short Sale Pilot
This was sent to me by Liam Gillen, one of our Orlando realtors. it’s an article in the Orlando Sentinel about Fannie Mae running a pilot to speed short sales processes considerably. This holds promise to everyone thinking of doing a short sale. if the pilot succeeds, hopefully the program will become widespread and cut [...]
Release The Fly to Eat The Moth
The economy is in the doldrums. The bailout efforts shift directions and so far neither liquidity nor activity is seen at any meaningful level.
Everyone agrees that the root of all difficulties is HOUSING and HOUSING PRICES. Digging in a little deeper in the most afflicted markets, everyone will tell you that the root of the [...]
Kenneth Harney on Rethinking Controversial Limits
One of our investors forwarded me this very interesting article from RealtyTimes.com. It is very encouraging, in light of previous posts, to see that the government may be reconsidering its position. Let’s all hope this will happen. From RealtyTimes.com:
Investor Report: Rethinking Controversial Limits
by Kenneth R. Harney, Published: December 12, 2008
Here’s some potentially good news for [...]
