AUTHOR
Sherwin
You may also like
The official overseeing of the vast pool of mortgages held by Fannie Mae and Freddie Mac has defied the White House and more than 100 members of Congress for the second time by formally rejecting a plan to use bank bailout funds to write down principal balances for underwater homeowners.
I hear the stories, see the photos, and yet I still don’t think I can imagine the way of life that has been drastically changed… the animals in need… the damage to the ecosystem.
With many owners either unable to sell their home, or deciding to delay the sale, many have become situational landlords. Additionally, the heavy activity of distressed properties became a viable investment tool for many cash-ready purchasers. Cash flow properties, attractive capitalization rates and returns were at times performing better than other investment vehicles.
The harsh reality of the market today can become a catalyst to drive innovation. Developers, builders and manufacturers alike are looking for […]
