Tuesday, September 30, 2008

BGS3 News - Bailout Bill Outvoted in Congress

BGS3 News Update:

The economy is in serious trouble. The outcome and ramifications of the negotiations in Congress are unclear at this moment. BGS3 will keep its finger on the pulse of this precarious situation, and will keep BGS3’s blog readers updated on what the changes are and how they will affect the housing market and the economy.

The volatility and fragile status of the market that is peppering the news on a daily basis will continue. Despite all the bad news, there are many things that are heading in a positive direction…
BGS3 continues to gain momentum in fighting for homeowners facing foreclosure. Our file levels, closings and closing percentages are all at all-time highs, and we are getting more testimonials from thankful homeowners and Realtor partners than we ever have before.

BGS3 doesn't have a crystal ball regarding what the bailout will look like, but it is becoming increasingly clear that there will be one. Government will most likely take some sort of action by next week. While Congress voted against passing the $700 billion bailout plan yesterday, the vote was very close (228-205) and revisions or rewrites will certainly be prepared when the House meets again on Thursday.

More to come,

VIDEO: http://www.bgs3.com/realtors.html

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