There is so much negative in the media about HAMP / HAFA , Short Sales, Foreclosures and almost everything else to do with Real Estate even the seasoned optimist can be stressed. That is what I thought when I went to off to bed last night and decided to do a little professional reading. Here are just a few of the quotes from something I figured I needed to be aware of. Let’s just stick to three quotes.
1.The Federal Reserve estimates there will be two and one-quarter million foreclosures this year, and about two million more in 2012. The Center for Responsible Lending released a foreclosure forecast estimating an additional 9 million foreclosures between 2009 and 2012. Regardless of the discrepancy between these estimates, the enormity of the continuing tragedy is clear.
OK, now for the source. A few of the combined task forces (committees) for the California Assembly wrote a research paper, vetting this information for law makers. (Click here to see the Full Document)
The paper is masterfully written. If someone tried to magically download, all I know about the Real Estate Market, all the current important facts, they are right in this research (position) paper. (Were they in my dreams?)
I was, heck I still am, very excited to know, California Law Makers have no excuse to say they don’t know or can’t understand the complexity of housing in our State, or for the Nation for that matter. They all have access to the information. Now, even the public has access to this best of information.
Could it be a game changer, the Banks know the Law Makers know, that we the public know, that everyone knows, we all know, but will things change? Will law makers take the bull by the horns? They say there is power in knowledge. If you want the real facts and you have some time this is a great read. You can see the same things the lawmakers are looking at. We the taxpayers paid for this and frankly I think gathering together all this information in a single easily accessed document was money well spent. Click on the link above or send a friend the url address below, the power of the facts is at your fingertips, how will you use it?
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