Will The Banks Respond to 2009 Housing Stimulus?

By
Real Estate Agent with HomeSmart Real Estate

 

2009 Housing Stimulus Requires Response From Banks

Providing Incentives for the bank to modify loans with troubled borrowers is all good and well if the banks will respond.

The reality is that banks have been living with the necessity to deal more efficiently and effectively with the short sales and foreclosures for years and have not responded.  Can/Should we expect a different response now?

 The phone is ringing and ringing …will the banks pick up? 


  

 

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Topic:
ActiveRain Community
Location:
Arizona
Tags:
housing stimulus
2009
lending

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What the banks will do when they lower the rates and terms for those in trouble, they will up the rates on the rest of us!  This stimulus bill is a no win situation.

February 19, 2009 10:07 AM
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Mary, that my friend is the Million dollar question.

February 19, 2009 10:22 AM
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