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The neighborhood stabilization programs are just another way of income distribution at the same time putting thousands of government jobs on the payroll. It has been a complete failure in Las Vegas and was so poorly run that the non profit in charge of our program was unable to properly complete it’s application for the federal money and didn’t get it. So Harry Reid got a $million or so dumped into the groups hands to hire and train people on how to get the federal money.
These governemnt programs are nothing more than ruses to transfer wealth and explode the government intervention into all facets of our lives. None of the Fed programs work, name me one government program that is not in default, Soc Sec? Fannie Mae, Freddi Mac, Medicare, Post Office? Please send me an email on something they do well and don’t say the IRS.
Now the major mortgage companies are going to lower principle balances on underwater mortgages. That is a slap in the face to anyone who has worked hard their entire life and put 40-50% or all cash down to buy a house.
How NAR can stand by while the government lawyers rewrite the book on selling real estate via “short sale” is beyond belief. The liability of doing a short sale is mind boggling. The future litigation and destruction of the Realtor memebers is forthcoming. Errors and emmissions insurance will be plundered by lawyers as will association coffers. All of these fees will then be doubled or trippled to pay the attorneys. NAR must get their act together and stop this herd mentality.
I do not need to know which PDA to buy or that floor plans sell a house. Make a difference to your members and stop the government take over of the real estate industry.
30 year real estate veteren
John Edmunds is EXACTLY RIGHT! PLEASE PAY ATTENTION TO HIM. Look at what we are becoming!!!
Trace Banks- infopreneur-real estate investor
[...] also from The National Association Of Realtors, an ongoing module that aims during repair and inventory homes in communities tough strike my The [...]
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