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Jim Duncan
June 7, 2010 at 6:54 am
NAR needs to encourage the government to stop meddling in, manipulating and generally screwing up the real estate markets. Simple.
Joe Spake
June 7, 2010 at 8:18 am
The tax credit was a short term fix that eroded consumer confidence, skewed pending sales numbers, and delayed market stabilization. Now the Realtors and Mortgage companies, who led the cheers for the credits are whining that they don’t have time to get the loans closed. Are they admitting that the real estate / mortgage industry cannot even plan 60 days into the future?
Erica Ramus
June 7, 2010 at 8:20 am
I vote with Jim Duncan, above. Government should stop meddling in the markets.
Susie Blackmon
June 7, 2010 at 1:18 pm
Embarrassing.
Mike Bowler Sr.
June 7, 2010 at 2:40 pm
At this point in the game what’s the difference if we extend the closings that are needed due to circumstances beyond control of the buyer? It seems some underwriters and processors are behind. We need to let the rest of the market fall together with good old supply and demand so we can get Uncle Sam out of the real estate business. 🙂
Keith Lutz
June 8, 2010 at 12:14 am
Close what is already under contract, but no more hand outs from Uncle Sam! Our “Uncle” needs to see if this baby can walk, and we need to run as far away as we can!
Ruthmarie Hicks
June 8, 2010 at 1:02 am
At this point, underwriters are tooooooo slllooooow. It was unrealistic to expect closings to happen within 60 days. Since this is not permitting NEW tax credits from entering the system, I really don’t see the problem. There are a lot of sale pending that need to close with the tax credit. The bottom line is the disruption to buyers and sellers a like should many closings be disrupted due to a log jam with respect to underwriting.
Joe Loomer
June 8, 2010 at 6:36 am
What I’m hearing through the rail line is that closings delayed due to lender or other reason are still going to close, buyer wanted the tax credit but it wasn’t the reason they bought. I’m with Jim – let’s ease Uncle Sam back into his hole and let him stay there until we really need the massive lumbering government aparatus for something like, say, a little oil spill perhaps?
Navy Chief, Navy Pride
@bkmcae Ben Martin, Va Assn of Realtors
June 10, 2010 at 7:12 pm
Make of this what you will, but NAR’s Gov’t Affairs staff hasn’t posted anything about this request to Congress to any of its web pages at Realtor.org.
@bkmcae Ben Martin, Va Assn of Realtors
June 10, 2010 at 9:10 pm
Moments later…
varealtor.com/news/2010/06/extension-on-deadline-to-close-claim-credit-in-the-works
Melanie Wyne
June 11, 2010 at 5:12 pm
Here’s a message from NAR Vice President and Liaison to Government Affairs, Vince Malta on this issue:
voicesofrealestate.blogs.realtor.org/2010/06/11/pitching-in-posted-by-vince/