Flower Mound Realtor Alert: More Help for Homeowners in the Future
Flower Mound Realtor, Sandy Luedke (Broker Owner) of Ideal Real Estate Group, offers an alert. More help for homeowners is coming in the near future.
Another thing to keep an eye on in the coming weeks is President Obama’s plan to help struggling borrowers before they are faced with a default on their mortgage.
According to reports, the Obama administration is discussing plans to help borrowers who are struggling to stay afloat, but who have not yet fallen behind on their payments. At this point, details are scarce; however, reports indicate that President Obama is looking to spend approximately $50 Billion to directly help homeowners before they face foreclosure and financial disaster.
While this is good news for individual homeowners, it will likely be good for the housing industry as a whole. That’s because, assisting struggling borrowers before they default should help stop the wave of foreclosures, which are estimated to top two million this year. That, in turn, will help stabilize home prices.
The Economic Stimulus Plan is huge, and impacts a number of industries. I’ve highlighted some of the major provisions that may impact you now and in the future.
As always, if you have any questions or would like to discuss how this may specifically impact you, I’d be happy to sit down with you. Just call or email me to set up an appointment.
Flower Mound Realtor Sandy Luedke, the Broker Owner, has been providing buyers and sellers premier real estate services for over 20 years. 214-476-1423 Please call for more information.
March 21, 2009 9:37 am 
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