$10000 DOWN PAYMENT HOUSES AND RECIDENCY PERMIT FOR NON CITIZENS. THIS IS A PROGRAM CREATED BY OBAMA ADMINISTRATION TO ENCOURAGE BUYING OF HOUSES AFTER THE PAST HOUSING CRISES THAT ROCKED THE REALTY COMPANIES AND AMERIACAN ECONOMY. THIS POLICY HAS BEEN ADOPTED BY MOST EUROPEAN COUNTRIES DUE TO THE LIFT IT GAVE TO THE ECONOMY AND AMERICAN REALTY
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Obama policy of $10.000 home purchase down payment for CITIZENS AND NON CITIZENS of United state.
After Obama inherited the worst economic downturn since the Great Depression, President Obama poured vast amounts of money into efforts to stabilize the financial system, rescue the auto industry and revive the economy.
But he tried to finesse the cleanup of the housing crash, rejecting unpopular proposals for a broad bailout of homeowners facing foreclosure in favor of a limited aid program — and a bet that a recovering economy would take care of the rest.
During his first two years in office, Mr. Obama and his advisers repeatedly affirmed this carefully calibrated strategy, leaving unspent hundreds of billions of dollars that Congress had allocated to buy mortgage loans, even as millions of people lost their homes and the economic recovery stalled somewhere between crisis and prosperity.
The nation’s painfully slow pace of growth is now the primary threat to Mr. Obama’s bid for a second term, and some economists and political allies say the cautious response to the housing crisis was the administration’s most significant mistake. The bailouts of banks and automakers are now widely regarded as crucial steps in arresting the recession, while the depressed housing market remains a millstone.
“They were not aggressive in taking the steps that could have been taken,” said Representative Zoe Lofgren, chairwoman of the California Democratic caucus. “And as a consequence they did not interrupt the catastrophic spiral downward in our economy.”
Mr. Obama insisted the government should help only “responsible borrowers,” and his administration offered aid to fewer than half of those facing foreclosure, excluding landlords, owners of big-ticket homes and those judged to have excessive debts.
He decided to rely on mortgage companies to modify unaffordable loans rather than have the government take control by purchasing the loans, the approach advocated by his chief political rivals in the 2008 presidential race, Hillary Rodham Clinton and John McCain.
The administration did not push for legislation to make mortgage companies help borrowers. The financial incentives it offered were often insufficient. And it responded slowly to warnings, including those in letters homeowners sent to Mr. Obama, that companies were not cooperating.
The result was a plan that failed to meet even its own modest goals, data shows. Mr. Obama said in Arizona a few weeks after taking office that the government would help “as many as three to four million homeowners to modify the terms of their mortgages to a void foreclosure.” As of May, 4.3 million people had applied for aid, but only one million had received government-sponsored modifications, according to the most recent data. About a third of those turned away lost their homes, were facing foreclosure or filed for bankruptcy.
In June 2011, Mr. Obama conceded that his administration had not done enough. “And so,” he said, “we’re going back to the drawing board.” It was during this time he approved the policy of $10 000 minimum deposit for purchase of home not worth more than $200.000 for for non citizen to encourage sell of houses in United State. The policy is addopted by most European cooutries. However, many mortgage companies refuse to implement the policy making it difficult for many realtors but the good news is that with our good relationship with some mortgage companies we have been able to use to help home buyers and sellers and help our non American clients to migrate to united state and other countries in Europe and Asia,
“If the program they have now had been used at the beginning, it would have had a tremendous impact,” said John Taylor, chief executive of the National Community Reinvestment Coalition, an umbrella group for housing advocates. But it is impossible to know whether a more forceful response would have produced better results. Administration officials argue that the missed opportunity was relatively small because mortgage companies were unprepared to help homeowners even if the government had pushed harder — and the government was unprepared to take the companies’ place. “We operated at the frontier of what was possible,” Treasury Secretary Timothy F. Geithner, whose department oversaw the housing plan, said in a statement. “These programs helped millions stay in their homes and millions more refinance to take advantage of lower interest rates.”
WHO ARE WE?
We are a licensed Realtor based with headquarters in United State with agents and partners all over Europe, America and Asia. We also have staffs from different countries. Whether you’re from another part of the world, we will work with both local and international buyers in obtaining homes and real estate in any country and area of your choice.
One of the primary factors that distinguishes us as a Realtor from everyone else is our vast technology experience and our contact with different government and associates in different countries, and our ability to fully leverage technology to our (and your) advantage to get your home sold or buy a home
Client Experience and BUYING A HOME
Our experience includes working with high profile individuals, so we very sensitive to our client’s need for privacy and discretion. our client list includes successful businesspeople, celebrities, athletes, and even Royalty, from all over the world. We work with both buyers and sellers in the in many countries. Whether you are looking to buy a new home or sell your existing home, we would love the opportunity to serve you.
Buyers – We can assist you in locating the perfect home and guide you through the home buying process right up until the day you get the keys to your new home.
Sellers – Whether you are selling a condo or a luxury estate, We can design a custom marketing plan just for your property that will help get your house sold as quickly as possible and for the best price. You can read more about my sellers marketing plan here.
Luxury Estates – Our broker affiliation Previews benefits both buyers and sellers of high-end luxury homes and estates by providing access to an international network.
We professional and focused on getting the job done, as well as friendly and easy to work with. And we always patient and understanding of our client’s needs. We know buying or selling a home can be stressful – which is why we will be right there with you during the entire process. Our goal is to have 100% client satisfaction and the opportunity to serve you again in the future.
If you are looking to buy property, please visit our associates buyer page save the property you wish to buy and then send picture and country and name of the associate to our email.
Please feel free to call us direct at (310) 717-2232, or fill out our contact form with your contact information by clicking here and we will follow up with you within 24 hours. Or you can feel free to check out our home page with various country and city searches, or browse the rest of our site and when you’re ready to take the next step, we will be here!
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