Washington DC
Treasury Secretary Paulson announces that banks will be on their own in disposing of REO's and short sales. The Government will not use TARP money to buy bad mortgage loans made by banks. It is estimated at over 1.6 million foreclosures will occur this year and 1.9 million is projected for 2009. This is great news for small private investors wanting to take advantage of flipping short sale and REO's
Monday, November 24, 2008
Saturday, November 22, 2008
Wednesday, November 19, 2008
Seattle Named The Real Estate Market Most Likely to Rebound First
Forbes Magazine just said that Seattle was the real estate market, in the United States, that was most likely to rebound first. It ranked #1 just ahead of San Fransico. Forbes said this is due to our strong commercial real estate market and strong local economy with major employers such as Microsoft and Boeing. Full Article Here.
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