Writer Darrell Gibbs is the broker in charge of Gibbs Realty and Auction Co. in Easley, S.C. The company is one of the largest privately owned companies in the Southeast that works exclusively with REO and bank-owned properties throughout the Carolinas. He can be reached at 864-855-3929 or www.gibbsrealty.net.
There’s no doubt that the mortgage meltdown will be one of the most important issues facing the Obama administration. Finding a logical resolution won’t be easy. It will require a solution that’s balanced and beneficial to both mortgage holders and lending institutions.