Calling all lovers of real estate commission rebate
The drop in home values has hit many markets in the country extremely hard. A lot of homeowners in those markets have less equity in their homes or have loans that are larger than the price of their properties now. 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. One of the main goals of the plan is to help responsible consumers and their lenders make mortgage payments more manageable, thus reducing the number of defaults and foreclosures.