The Obama administration has just announced a new program which is aimed at keeping unemployed homeowners in their own homes. This new initiative will extend the current allowance of a few months forbearance on mortgages to twelve months. It’s thought that this new scheme could benefit thousands of homeowners, although not everyone will be
Government Owns more than 12,000 Excess Properties
May 10, 2011 by
More than 12,000 government properties have been identified by the White House as being no longer needed, yet in order to get its hands on the expected $15 billion to be gained from dumping these buildings, the government needs Congress to act. For that reason, President Obama will attempt to push through legislation to form
Here It Comes: Obama the Real Estate Broker
March 2, 2011 by
In news from Washington, President Obama evidently has plans to sell off Federal property to help consolidate and streamline government. The President’s State of the Union address made mention of streamlining, but now it appears Obama has set to task recommendations on just which properties to sell. But just what “unwanted” properties, and just “whom” the buyers might be seem key to this initiative.
