New Federal Guidelines May Mean Hope For SF Bay Area Homeowners--Part 1
Posted by Bruce Wagg on
THE PROBLEM: Over the last few years, Americans have been made aware of what the words "Housing Crises" means. All over the United States, due to the sagging economy, coupled with poorly regulated lending policies, homeowners are discovering that what they supposed their home's value to be is no longer correct.Â
In the past, the American dream of purchasing a house, staying in it for a while, then selling it and using it's increased equity to move up to the next level of ownership was a realistic and reasonable expectation. The simple fact is that, for quite a while now, this has been unattainable for a disturbing segment of the Oakland-East Bay homeowners.Â
Complicating this issue are the huge amount of regulations and rulings at the Federal level…
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