{"id":27668,"date":"2009-11-10T19:35:23","date_gmt":"2009-11-10T19:35:23","guid":{"rendered":"http:\/\/forestridgevoice.com\/2009\/11\/10\/will-the-tax-credit-stimulate-the-real-estate-market\/"},"modified":"2019-04-23T20:55:20","modified_gmt":"2019-04-23T20:55:20","slug":"will-the-tax-credit-stimulate-the-real-estate-market","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/will-the-tax-credit-stimulate-the-real-estate-market\/","title":{"rendered":"Will the Tax Credit Stimulate the Real Estate Market?"},"content":{"rendered":"<p><a href=\"http:\/\/www.miamiherald.com\/business\/story\/1325476.html\"><img loading=\"lazy\" class=\"alignleft size-full wp-image-391\" title=\"House Underwater\" src=\"http:\/\/forestridgevoice.com\/files\/2009\/11\/House-Underwater.jpg\" alt=\"House Underwater\" width=\"68\" height=\"94\" \/>The Miami Herald<\/a>\u00a0reports that nearly 50% of the homes are underwater in Miami Dade and Fort Lauderdale Metropolitan area in the third quarter of this year.\u00a0 Although this figure is slightly less than in the second quarter, \u00a0it appears that the newly extended Tax Credit will do little to solve the problems that are brewing.\u00a0 Homeowners who have tried to get loan modifications are\u00a0 frustrated by the length of time it takes for a response and most of the time the response is negative.\u00a0<\/p>\n<p>\u00a0Yet, banks are willing to sell homes at short sale prices to new buyers, while the seller&#8217;s credit is damaged for a minimum of two years, making it impossible for them to buy a home or any major purchase.\u00a0\u00a0This endless cycle won&#8217;t end until banks start to work with owners who want to keep their homes and their credit.\u00a0 It&#8217;s time to stop the bleeding.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Miami Herald\u00a0reports that nearly 50% of the homes are underwater in Miami Dade and Fort Lauderdale Metropolitan area in the third quarter of this year.\u00a0 Although this figure is slightly less than in the second quarter, \u00a0it appears that the newly extended Tax Credit will do little to solve the problems that are brewing.\u00a0<\/p>\n<p class=\"more-link\"><a href=\"https:\/\/ewmrealestate.com\/blog\/will-the-tax-credit-stimulate-the-real-estate-market\/\" class=\"themebutton2\">Read More<\/a><\/p>\n","protected":false},"author":5759,"featured_media":130092,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[11767],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Will the Tax Credit Stimulate the Real Estate Market? 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