The properties in Alabama and Florida on Gulf Coast expected will see home price decrease of 10% due to the BP oil spill which would be less than expected found on three months of research.
The advertising promotions are started in Florida and Alabama to contradict the depressing media reporting over the crisis at tourism season. The home and condo buyers are likely to avoid the area due to anxiety about the environmental impact of oil spill and authorities hope the losses will last for two years.
The majority of beaches on Florida Panhandle are not distressed by oil which except for globs of oil and tar balls has been reserved offshore and buyers are scared away. The oil leak came at a time when the State was already undergone high unemployment and foreclosure rates.
Bank of America, Freddie Mac and Wells Fargo are providing aid to help stressed borrowers in Gulf Coast region. The Freddie Mac permits servicers to postpone mortgage expenses to certain borrowers for one year.
The advertising promotions are started in Florida and Alabama to contradict the depressing media reporting over the crisis at tourism season. The home and condo buyers are likely to avoid the area due to anxiety about the environmental impact of oil spill and authorities hope the losses will last for two years.
The majority of beaches on Florida Panhandle are not distressed by oil which except for globs of oil and tar balls has been reserved offshore and buyers are scared away. The oil leak came at a time when the State was already undergone high unemployment and foreclosure rates.
Bank of America, Freddie Mac and Wells Fargo are providing aid to help stressed borrowers in Gulf Coast region. The Freddie Mac permits servicers to postpone mortgage expenses to certain borrowers for one year.
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