Comments on: Phoenix to Offer $15,000 Loans to Purchase Foreclosed Homes

By: Troy Reynolds

Troy Reynolds — Wed, 08 Apr 2009 01:29:58 +0000

This sounds pretty cool. While certainly not a perfect solution, it's a step. **Troy Reynolds´s last blog post..Spring training sets attendance record

By: Anonymous

Anonymous — Tue, 31 Mar 2009 08:34:28 +0000

Hopefully it will get some of the bankowned properties bought up. Now is the time to buy real estate. With interest rates so low and prices being at rock bottom and all of the incentives it is a really good investment to make.The plan isn’t all bad UNTIL you get to the “15% below appraisal” part-that will be next to impossible to get worked out.

By: Margaret Safford-Metro Atlanta Realtor

Margaret Safford-Metro Atlanta Realtor — Mon, 30 Mar 2009 04:34:23 +0000

Has this plan gone into effect yet? And I was wondering if there is a way to track how many people are able to use it...that would be interesting to see if it is, in fact, benefiting anyone. **Margaret Safford-Metro Atlanta Realtor´s last blog post..Does the Metro Atlanta Real Estate Market Mimic the New HGTV Shows?

By: Jason Humpal-Fort Co

Jason Humpal-Fort Co — Sun, 29 Mar 2009 20:56:23 +0000

The plan isn't all bad UNTIL you get to the "15% below appraisal" part-that will be next to impossible to get worked out.

By: Jayson

Jayson — Tue, 24 Mar 2009 02:13:21 +0000

Seems like getting a home would be pretty difficult; I agree, it doesn't seem like much thought was put into this one.

I don't know why we keep trying to get people that couldn't otherwise afford a home, into homes. Is that not that definition of insanity?

Thanks for the detailed information.

By: Bobbie McGowan-Ottaw

Bobbie McGowan-Ottaw — Sun, 22 Mar 2009 20:41:22 +0000

I will have to agree that plan sounds pretty flawed. It doesn't seem like it will be of much help to anyone, but I suppose it is still nice there is an option out there, if home buyers can work around the details.

By: Jim Dolanch-Pittsbur

Jim Dolanch-Pittsbur — Sun, 22 Mar 2009 20:27:16 +0000

The details do fall short. What a shame that program won't be able to be utilized by many people, but for those it does help that is better than having no options.

By: Jolenta Averill - Ma

Jolenta Averill - Ma — Sat, 21 Mar 2009 22:09:23 +0000

Just goes to show you what a brave new world we're in (and that's putting it nicely – it would be more accurate to say, "I'm picturing something resembling a heap and there's steam coming out of it."). Local governments can have all the goodwill in the world but if they don't understand the actual ramifications and repercussions of their policy-making the way you obviously do, it's all for diddly-squat. Really makes me wonder if our elected officials have any clue whatsoever sometimes. This story does not bode well for those saying we'll be coming out of this thing later this year. Bullhockey to that as well!

By: Linda Craft-Raleigh

Linda Craft-Raleigh — Sat, 21 Mar 2009 13:54:34 +0000

Jay, you are right in pointing out the requirement to be under 15% of the appraisal will make it very difficult for home buyers to actually get a benefit from this loan-but on the flip side, it is better than no help at all!

By: John Wake@Scottsdale

John Wake@Scottsdale — Fri, 20 Mar 2009 21:40:22 +0000

The best thing they could do to promote "affordable housing" is to do nothing and let prices continue to fall. I'm just saying... **John Wake´s last blog post..Fannie Mae tightens lending standards for condos