Do I see a light at the end of this tunnel???

I generally try not to get political in these blogs for a number of reason, but I feel very strongly about the plan presented by the Obama administration yesterday (on top of of the rescue package previously announced). Without over-hyping something we unfortunately still don't have a ton of details for (they won't really be released until March 4th), I feel strongly that we are finally starting to see some actions to truely bring us out of the recession. Obviously it won't happen overnight, but we didn't get where we are overnight either so that should be expected.

If we can stop some of these foreclosures it will reduce the number of homes on the market causing home values to go up. It will also free up banks funds, thus allowing them to loan to business. With more available money businesses should be able to employ more people. With more jobs people will buy more, etc.

Obviously this is an oversimplification, but I think you can see what I am saying.

Is the plan perfect? Doubt it, no plan is. But even if it does half as much good as it appears it may it should start a ripple effect greatly improving our economy!

If you are behind on your mortgage and scared of foreclosure, please give me a call. I will gladly help you in any way I can!

Mike Slager - Greenridge Realty

616.502.0367

mslager@greenridge.com