Welcome to the RealTown Real Estate Network! Real Estate NetworkSubmit Feedback
Member Login | Join RealTown
The Real Estate Network
Disney Vacation Club

Obama's housing relief efforts has pleasant surprises for real estate investors

Information Technology

Fremont, CA

March 16, 2009

Last month, the White House announced a refinancing effort for owner-occupied principal residences whose loans were backed by Fannie or Freddie. Last week Fannie and Freddie said they'd also potentially refinance thousands of investor loans and mortgages on second homes and rental properties. The idea is to reduce foreclosures and renter evictions by putting owners in a better position.

This is great news! Many real estate investors have been stuck with high interest rate mortgages, and due to the decline in home values, it has been impossible for them to refinance and take advantage of lower rates that are available now.

This is certainly valuable information that agents should share with investor clients and prospects. In addition, Fannie increased the limit on the number of financed properties an investor can have on March 1st, and this also opens up the gates for investors to purchase more properties.

Current markets have turned real estate into an investors' playground, and if you are not marketing to investors, you are missing out on some great opportunities.

You can learn more at the webinar for RealTown members on 3/18 @ 11AM PST. The webinar is free for RealTown members, but space is limited and preregistration is required.

Click here to Register

Reply to Discussion

Please log in to post a reply to this discussion.
  • Go e-PRO
  • Top Producer
  • Point2
  • realEseller
  • Old Republic
  • RealtySoft
  • Allison James
  • Realtor Benefits