President Obama unveiled a multi billion plan to spur economic growth on Thursday night. Conspiculously absent is any effort to stem the continuing growth of underwater mortgages and foreclosed homes. White House advisors say they will announce a new real estate martket plan in the coming weeks.
As discussed in many blogs and online articles, the real estate market continues to struggle with mounting short sales and foreclosures. As prices decline or remain flat, more and more homeowners who need to sell for employment or family reasons, rely on short sales to get out from underwater homes.
Tallahassee real estate continues to see it's share of short sales. If you know someone who needs to move but is underwater on their mortgage, please call us at 850.455.2476 - we can help.
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