Monday, February 6, 2012

Obama's Mortgage Refinance Proposal Will Succeed ? To Get Votes

? February 5, 2012Posted in: Real Estate Analysis

Toby and the rest of us here on the Ohio Home Team don?t really care too much about talking about politics or religion. Either way, you?re going to step on a toe and end up with a bloody nose.

President Obama's refinance plan appears to be a bid for votes over actually getting people refinanced.

However, I?m amazed as I read more and more about President Obama?s proposed mortgage refinance plan how it looks so similar to all the others that?s come down the pike from this administration.

The rhetoric sounds so amazing and draws the American public in and says this is the dream and hope that Obama ran on. However, as you read through it and reviewing CNBC?s ?Obama?s Mortgage Refi Plan To Go Through FHA? that hope and dream fades quickly.

This proposal appears to have been written to in a way that it is either going to help essentially no one or be vetoed by the Republicans in Congress. Who in their right mind would use a tax on banks to pay for the changes that you are trying to force on the banks?

This just reads like a political stone wall for me, designed so President Obama can say ?I made an offer and the Republicans voted it down? on the campaign trail.

The only way to fix the housing situation is to get it out of Washington?s partisan politics and into the real world. But that?s only going to happen on a community-wide level and we just need Washington to stay out of the way.

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About Toby Boyce

Toby Boyce, MBA, is a licensed real estate agent in the state of Ohio under the Keller Williams Consultants Realty brokerage. Boyce, propietor of the Ohio Home Team, has been a full-time real estate agent in Central Ohio since 2006.

Source: http://www.delawareohrealestate.com/2012/02/05/obamas-mortgage-refinance-proposal-will-succeed-to-get-votes/

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