A survey of Realtors had 10 percent of respondents listing “Barack Obama” as one of the top three concerns in the real estate industry. This was behind “foreclosures” but it was ahead of terms like “mortgage rates” and “tight credit”
So, how will be handle our industry?
Based on written policies from his website - www.barackobama.com -there are five outcomes that appear fairly certain:
• Fewer and less swift foreclosures.
• A crackdown on mortgage industry.
• Tax relief for lower income homebuyers and owners.
• More accurate loan disclosures.
• More renegotiated loan terms.