Coconut Creek Real Estate, Remax ParkCreek

The federal government has launched a plan to help reduce the rate of foreclosure across the nation. Plans have been approved to provide loan resturcturing on millions of mortgages to help make them more affordable for struggling homeowners. Restructuring measures may include increasing the length of some mortgages from 30 years to 40 years. While this may be the relief that many homeowners have been waiting for, others are not as excited about this program. Homeowners who are not in default feel that loan restructuring rewards irresponsible buyers for purchasing more home than they could afford. However, what really matters is keeping is reducing the foreclosure rate so that home prices do not endlessly plummet for all homeowners. That said, housing prices are the lowest they have been in years so if you have been waiting to buy, now is the time to get a great deal on a new home of your own. If you are ready to buy in Coconut Creek, contact me, Silva Stoyanova, so that I can help make home ownership a reality for you!