The National Association of Realtors has made no bones about the fact that they’re taking an active interest in the new administration’s plans for the housing and foreclosure crisis. For the past four months, the NAR has aggressively lobbied and made its position known to the Obama administration and our Congresspeople, and this week it was released that their efforts had paid-off significantly for the American homeowner and taxpayer.

American Recovery and Reinvestment Act of 2009 was signed into action by the government this week, putting into action NAR’s recommendations to stimulate the housing sector. Since the new administration  took over, there have been significant strides made to assist millions of families across the country. Mortgage modification programs and tax cuts have been the driving forces behind the current stimulus efforts, and it’s not unlikely that there will be more modifications, tax breaks, and clarification to come.

As we’re always interested in helping our clients and neighbors stay abreast the most current information that affects the housing market, here are some links you can follow that will take you directly to the information you need:

• Read about the Homeowner Affordability and Stability Plan
• Read about the Mortgage Modification Program Guidelines
• Delve deeper into the American Recovery and Reinvestment Act of 2009

If you have questions about your particular situation, just pick up the phone and give San Juan Realty, Inc. a call at 970-626-3200. We’re more than happy to help you sort through all of the government’s hullabaloo and find what’s applicable to your situation.

Homes in Ridgway, Montrose, Ouray and Telluride CO from San Juan Realty Inc.