Bush says No Real Estate Lender Bailout
May 22, 2008
President Bush has gone on record that he will not support any efforts that would provide a real estate lender bailout. He wants to help those home owners that are credit worthy, out of their difficulties - but not help those persons that preyed on persons and speculated in the mortgage industry doing loans that they probably shouldn’t have been making.
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Real Estate Quote of the Week
"I often hear remarks from agents like, “the bank sold that house really cheap - 30% below market value”. I don’t agree with that kind of statement. If various banks are the only sellers selling in an area and they are selling all of their houses at a perceived “below market” sales price - perhaps that IS the market for that product in that area. A good price fixes any of the various bad conditions. There is no good reason to take (or keep) a listing that isn’t going to sell."
Russell Shaw - in AgentGenius from Phoenix AZPolls
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