Thursday, December 25, 2014
Monday, April 7, 2014
Wednesday, February 12, 2014
AP - A recent article on the status of the Mortgage Debt Relief Program.
Foreclosures have been dropping dramatically over the past year, but without help from Congress they could begin to rise again. In 2007, Congress passed a tax exemption for mortgage debt forgiveness. That exemption expired at the end of 2013 and has not been extended, as some predicted it would be.
Weitz - this article is pretty self-explanatory, but we still continue to believe the law will be extended...someday. Without it, foreclosures and bankruptcies would increase dramatically and that is not good for anyone.
For more information, consider contacting a Kirkland Real Estate Broker.
Rylee Park Properties
520 Kirkland Way, Ste 103
Kirkland, WA 98033
Tuesday, January 21, 2014
For more information contact a Kirkland Real Estate Broker.
Friday, November 15, 2013
Three Factors That Could Shape the Fate of
Weitz - It will be interesting to watch, but our guess is much of this is classic congressional rhetoric that will not effectuate any materials changes for the indefinite future. Fannie and Freddie were a major reason why the market has recovered as they stepped in to fill the lending void when bank lending dried up. We simply don't see how that can be taken away and not lead a significant fall for Real Estate.