O'Fallon IL Real Estate Market Update June 2010
By David Holden, Broker/Owner RE/MAX Preferred
(RE/MAX Preferred ABR, CDPE,GREEN,GRI,SFR)
June 2010 And Mid Year Quarter Real Estate Market update for O'Fallon IL. Nationwide: More money for troubled homeowners... The Treasury Department has approved another $1.5 Billion to help homeowners in the five States with the highest levels of foreclosure rates. Arizona, California, Florida, Michigan and Nevada all will be receiving the additional funds. Currently on the table for discussion (and should pass by the end of the month) is another 600 Million for the next five states on the list, North Carolina, South Carolina, Ohio, Oregon, Rhode Island. Locally: The end of the tax credit came and went...then came back. The original June 30thdeadline for closings was extended to assist those caught in the backlog of home loans in the pipeline that could not get the loan package...
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