Fee for service real estate, a discussion.
The number of foreclosures are at record levels and has contributed to the glut of inventory of unsold properties. The Obama administration introduced a housing aid plan that many hope will provide a boost to the real estate market and, in turn, the economy. One of the main goals of the plan is to help responsible consumers and their lenders make mortgage payments more manageable, thus reducing the number of defaults and foreclosures. The one welcome change in all the real estate tumult has been interest rates. Interest rates for mortgage loans are currently at historically low levels, which has encouraged some potential qualified home buyers to start shopping for homes again.