Steve Brown NAR Reports: “Half Of Those Properties Were Vacant”

Must read Steve’s take on how fixing home mortgages won’t save the housing industry. It’s been PC for Citibank and JP Morgan Chase and all the banks to announce new touchy-feely programs (”we feel your pain”, not “your pain is our gain”) for thousands of borrowers. (I have two Citi mortgages on investment properties and just may have to find out how low they’ll go… all for the sake of reporting, of course!) But read what happened when Freddie Mac sent out help letters.

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DallasDirt is a daily discussion and dissention of the Dallas-Fort Worth real estate market, led by D Home Real Estate Editor Mary Candace Evans with contributions from real estate experts and aficionados. Topics include house porn, hot neighborhoods, hot agents, hip pockets, celebrity listings, second homes, vacation homes, real estate trends, data analysis, tips for buying, selling, or staying put. If DallasDirt were a house, it'd be a three-bedroom, two-and-a-half-bath ranch transitional on a quarter acre lot with stainless kitchen and granite countertops: sophisticated with designer touches, room for expansion. Make an offer.
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