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Bank and Fannie Mae Foreclosures Weigh Heavily on Voters' Minds

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By : John Cutts    99 or more times read
Voters in Nevada have admitted that the huge supplies of bank, government and Fannie Mae foreclosures in the area have influenced their voting decisions. Most homeowners have revealed that they are choosing between Sharron Angle and Senate Majority Leader Harry Reid based on what each can do to the housing industry.

Some voters have stated that Reid has been in position for a long time but has not done anything about the huge supplies of Las Vegas foreclosed homes, NV, but they also stated that Angle is too extreme for their tastes. Meanwhile, voters who are opting for Angle have revealed that they are doing so because they think the state needs a change.

Those who are in favor of keeping Reid in office have, in turn, stated that they would vote for him again just because they expect him to have a better position in terms of getting federal investments that can help lower the number of Nevada foreclosed homes for sale and create more jobs in the state.

Others are blaming the government for the housing problems created by bank and Fannie Mae foreclosures that they will vote for anyone other than the incumbent, even if the alternative is a candidate they described as ill-prepared and too extreme. Both sides though, are not too optimistic about both candidates' ability to turn the state's housing market and economy around.

According to political analysts, the issue of distressed properties and sale of foreclosure houses has never been as much a factor in elections as it is now. The fact that Nevada is number one nationwide in terms of foreclosure rates and unemployment contributed to the growing frustration of state residents and homeowners, analysts have added.

Despite the general negative feelings towards both candidates, a few of the region's residents did admit that the economic and housing problems of Nevada are not the fault of either. They reasoned that the problem is more national than state-focused and that there is nothing a state senator could do to solve the nationwide economic problem.

They further added that even if the number of bank and Fannie Mae foreclosures is brought down in Nevada, the national economic woes and the unemployment crisis still need to be addressed for the state to recover.
John Cutts has been educated in the finer points of the foreclosure market over 5 years.

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