Writings about fee for service real estate
Many areas of the country have been wounded by significantly declining property values. In fact, many homeowners in those areas now owe more on their mortgages than their homes are worth. The number of foreclosures are at record levels and has contributed to the glut of inventory of unsold properties. The new government stimulus bill aimed at the housing sector has many optimistic that it will be enough to encourage potential buyers to jump into the real estate market and get that part of the economy moving again. The plan also specifically intends to stem the foreclosure rate and help many homeowners before they get in trouble.