REMINDER to ALL - contact your states Senators and Congressperson

By
Real Estate Broker Owner with North Carolina Homes Realty NC Broker - 189923

Congress may soon consider a new economic stimulus bill. Housing has always lifted our economy out of past economic downturns so it is imperative that Congress focus on housing in the next stimulus package.

We need ALL to support NAR's efforts to have the NAR Four-Point Housing Stimulus Plan included in any future stimulus bill.

See the following Four-Point Housing Stimulus Plan .........

Make the $7500 tax credit available to all purchasers and eliminate the repayment requirement. The credit’s limited availability and required repayment terms have severely limited the credit’s appeal to potential homebuyers. As a result, the credit has not been widely used or proven effective at stimulating sales. THIS WOULD BE WONDERFUL!

Make the 2008 FHA, Fannie Mae and Freddie Mac loan limits permanent. New rules for 2009 would significantly reduce the FHA, Fannie Mae and Freddie Mac loan limit from their 2008 levels. Now is not the time to limit the availability of affordable mortgages.

Get the Emergency Treasury bank relief program back on track by targeting more funds to mortgage relief efforts and increasing efforts to mitigate foreclosures. Don't just give the banks unrestricted cash. Make the program work to improve mortgage and housing markets as it was originally intended.

Permanently bar banks and banking conglomerates from engaging in real estate brokerage and management. The banks have proven they have enough to do to simply properly manage their current lines of business. Do we really want them to manage on the home buying process? Imagine what could have been the situation now if they already had the added ability to engage in real estate sales.


Brad and Angela Lawrence - Brokers/REALTORS
Multi-Million Dollar Producers
ERA Premier Realty
NC HomeTeam Inc
Our Website: Greensboro Real Estate - Winston Salem Real Estate - High Point Real Estate
Toll Free: 866-220-6458
Brad's Cell: 336-909-1293
Angie's Cell: 336-909-2638
Fax: 866-233-4314
Email: Brad.Lawrence@ERA.com
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Topic:
Home Buying
Location:
North Carolina Forsyth County Winston-Salem
Groups:
Realtors®
Tags:
general consumer info
buyers nc homes for sale
sellers nc homes for sale

Comments 2 New Comment

Rainer
288,801
Steve Kappre
NMLS# 217008 Mortgage Loan Officer NJ 856-419-3561
Treasury Mortgage | Mortgage Company - New Jersey

Hopefully Congress will put their million dollar minds together in helping the housing market. A strong housing market would be incredibly good news. 

November 13, 2008 09:12 AM
Anonymous #2
Anonymous
Anonymous

This is an excellent reminder, I hope people follow your advice.

November 13, 2008 01:43 PM
Rainmaker
209,187

Angela Lawrence

Realtor/Broker/Owner
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