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Today’s ground breaking real estate legislation by the Obama Administration should have positive and far reaching impact on the Las Vegas Real Estate Market.
The plan applies $75 Billion from the taxpayer funded financial rescue package to help lenders lower borrower’s monthly payments and reach the administration’s goal of keeping up to 9 million families in their homes across the USA. We believe the “reach” or impact here in the Las…
Now that President Obama has signed the American Recovery and Reinvestment we believe we will finally get some resources for America’s homeowners that will truly be beneficial. We believe President Obama will unveil a detailed plan tomorrow in Phoenix that includes this focus:
The final stimulus bill will increase the first time home buyer tax credit to $8,000. and also eliminates the repayment requirement of some of the legislation passed last…
Robert Mann, a local business executive in Arizona has come up with and is publicizing a solution to the Foreclosure challenges plaguing the US real estate market. His loan modification concept is simple but could be effective in helping homeowners avoid foreclosure, which would in turn lessen the negative impact on Las Vegas real estate.
Details of Loan Modification Program
Under Mann’s plan, the total balance owed on a property is modified…