Time to Start Releasing Foreclosures

Dave Liniger,ReMax International Chairman and Co-Founder recently urged government and economic leaders to push lenders to release forclosures to help speed the housing recovery.This makes a lot of sense,and heres why. Home Buyer Tax Credit!! Right now, its going to expire in April and buyers not only want to get the $8000 credit they also want a low priced property. By getting these homes on the market now,you have a large buyer pool who might not be avaialable after tax credit expires. Not to mention the fact that these forclosed properties will certainly drive prices down short term so by getting them out of the way now we can look for home values to improve once the distrissed inventory goes away. Th only problem witht the above scenario is it makes a lot of sense, and when your are dealing with government, they usually do the opposite of what is right! Dream On Dave-but at least I thoght it would work!!