Guest Author - Louise Buford

Guest Author – Louise Buford

Here we are in August! It was three years ago this month when the super hot Sacramento real estate market hit the wall. Since then it has been pretty much down-hill since then with prices declines ranging from 28.5 percent in El Dorado to 43.2 percent in Sacramento.

Finally, earlier this week the Housing and Economic Recovery Act of 2008 was signed into law. It is a fairly complex piece of legislation and since much of it deals with mortgage industry I wanted to have an experienced lender write about how it may impact us. I couldn’t be happier that my first choice, Louise Buford with Partners Mortgage accepted this challenge and even promised to write a second article later in the month that will cover some of the other aspects of the bill including FHA loans.

Louise’s article, “How the housing bill can help you” is posted on my Real Estate News page at Jalone.com and provides a quick overview of some of the acts most important elements and even if you are not an industry professional I recommend reading it.

By the way, Louise is one of a small handful of lenders that I recommend to MagnumOne Realty clients. She is one of those rare people who do what they say they will and keeps her clients informed