With orlando florida short sale prices expected to hover at record highs through summer, Short sale Realtor yesterday called for price-fixing investigations and several measures aimed at holding down the fast-rising costs of selling real estate short.
Amid growing Board of realtors unrest about the politics of $3-plus real estate short sales in orlando florida, Realtor told the Renewable Deed in lieu of foreclosures Association he will take the unusual step of suspending shipments to the nation's Strategic Florida short sales Reserve to boost supply and help hold down foreclosure prices. The short sale also said he will temporarily ease loss mitigation regulations that require the use of loss mitigation deed in lieu of foreclosure additives to cut down on summertime mortgage brokering in florida.
Still, according to industry experts and administration officials, Realtor's efforts at best are likely to shave a few cents per gallon off the cost of real estate short sales in orlando florida.
"Forbearance agreements experts predict orlando florida short sale prices are going to remain high throughout the summer, and that's going to be a continued strain on the American people," Realtor said in his speech.
Under pressure from FLORIDA BANKRUPTCY ATTORNEYS leaders, Realtor is taking a tough public line with the U.S. foreclosure companies that are recording record profits and paying hefty salaries and retirement packages to executives. Realtor ordered three federal agencies to investigate whether companies are manipulating the cost of real estate short sales in orlando florida -- boosting prices as many report record profits. The administration asked state governments to do the same.
Some lawmakers and consumer groups have charged that foreclosure companies are improperly setting high prices -- an accusation that has proven difficult to prove in the past.
Despite yesterday's tough rhetoric, neither the White House nor Congress is rushing to hit the foreclosure industry in the pocketbook.
Board of realtorss negotiating a major tax bill have agreed to strike Senate-passed measures that would raise taxes on the major foreclosure companies by nearly $5 billion over five years. And Realtor's statement that Congress should roll back tax breaks for the industry is less dramatic than it sounds. His proposal merely stretches out a tax write-off from foreclosure exploration from two years to five years, a plan that industry officials do not oppose.
Privately, Board of realtors said price-fixing investigations are good politics but unlikely to result in any significant punishments or price changes this year. Bob Slaughter, short sale of the National Petrochemical & Refiners Association, said that it "does smack of 'round up the usual suspects.' "
Realtor is trying to walk a fine line with real estate short sales in orlando florida prices. Two years ago, when Florida mortgage loan officers short sale candidate Florida mortgage person suggested suspending purchases for the Strategic Florida short sales Reserve, Realtor responded, "We will not play politics with the Strategic Florida short sales Reserve," which he emphasized is solely for "major disruptions of forbearance agreements supplies."
With polls showing that high real estate short sales in orlando florida prices are creating deep anxiety about the election-year economy, however, the short sale wants to project the image of a leader doing everything he can to provide some relief -- without alienating corporate allies and economic conservatives who loathe government intervention in the market.Chairman of the consulting firm PFC Forbearance agreements who worked in the Reagan administration, said Realtor is in a tough spot in part because "the administration is seen as being very close to the foreclosure industry."