Realtors in Detroit Contribute to Neighborhood Stabilization working with First-time Home Buyers
Recovery strategies are critical to address the neighborhood impacts of foreclosures and vacant property
[ClickPress, Tue Aug 04 2009] Real estate professionals, investors and agents are great resources for assistance in utilizing the programs and grants created by the Stimulus Package known as the American Recovery and Reinvestment Act of 2009. Mark Goedert of Goedert Real Estate works with first-time home buyers in South East Michigan.
Mark Goedert spoke at a recent real estate investor’s network meeting; he said, “Many first-time buyers are not aware of the new programs or they don’t know how to apply for the assistance or qualify for use of the funds available. Realtors can play an important role in contributing their efforts to support neighborhood recovery and stabilization while working with first-time home buyers.
The Neighborhood Recovery and Stabilization programs were developed to address the plight of neighborhoods suffering the effects of high foreclosures. As a result of the mortgage melt-down, foreclosed properties, vacant and abandoned homes are clustered in areas making it difficult to market and sell property in some neighborhoods. “The vacant homes are in disrepair; they are dangerous eye-sores and they are causing property values to decline in entire neighborhoods,” said Goedert.
Goedert explained how realtors can help, “In addition to working with first-time home buyers, realtors can help local officials understand the local housing market in their market area; they can monitor property conditions to ensure effectiveness of the new programs; realtors can help target the programs to certain areas that will benefit most from stabilization efforts.” Learn more about the 2009 Stimulus Package at http://firsttimehomebuyersdownriver.blogspot.com/
Mark explained how realtor can use their knowledge and experience, “Realtors often work with mortgage servicers and REO property managers who are responsible for the upkeep of the foreclosed homes in their community. They can help local officials enforce their efforts in the neighborhoods that have a high percentage of vacant homes. Realtors can offer assistance to investors with the acquisition process by working with REO agents, lenders and mortgage servicers, creating lines of communication. Realtors can play a huge role in marketing the properties that have been rehabilitated with NSP funds.”
As the meeting concluded, Mark Goedert said, “Real estate agents and professionals in the industry need to be aware of the new programs and assist their clients with utilizing the funds available so we can achieve Neighborhood Stability and work toward the ultimate goal of economic recovery in the real estate industry.”
Mark Goedert is the founder of Goedert Real Estate providing many valuable resources to South East Michigan realtors and home buyers for over 50 years. http://www.under100000realestate.com is a one-stop real estate site for all home buying and selling needs in the Downriver area, Calhoun, Battle Creek, Marshall, Albion, Hillsdale, Huron, Bad Axe, Ingham, Lansing, Okemos, Mason, Jackson, Kent, Grand Rapids, Rockford, Byron Center, Lenawee, Adrian, Tecumseh, Hudson, Livingston, Howell, Brighton, Pinckney, Macomb, Sterling Heights, Warren, St. Clair Shores, Monroe, Temperance, Bedford, Oakland, Farmington Hills, Royal Oak, Southfield, Washtenaw, Ann Arbor, Ypsilanti, Saline, Wayne, Detroit, Dearborn, Livonia, Canton, Trenton and more in South East Michigan.
1324 N. Main
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This press release was submitted by Right Now Marketing Group, LLC