MIAMI, Fla. (SEND2PRESS NEWSWIRE) — ForeclosureDeals, an online leader in the foreclosure listings and information industry, reports that new developments in the Florida foreclosure market could slow the rate of foreclosures drastically statewide. As courts become more reluctant to approve foreclosures and more properties get caught up in lengthy foreclosure proceedings, less homes are going to foreclosure sale.
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Property in Costa Rican Paradise Starting at $70K – La Montana at Coco Bay
GUANACASTE, Costa Rica (SEND2PRESS NEWSWIRE) — Costa Rica Development Group (CRDG) announces the opening of its newest community, La Montana at Coco Bay. La Montana makes the dream of home ownership in a tropical setting a reality. Located along the Pacific Coast between Ocotal and Playas del Coco, La Montana is the latest addition to CRDG’s established residential community of Coco Bay Estates.
Premier Real Estate at Meadow Park in Buda – Buffington Homes Helps New Home Buyers Find Their New Home in Austin Texas
AUSTIN, Texas (SEND2PRESS NEWSWIRE) — Buffington Homes, the leader in new home Austin Texas and Central Texas construction for over forty years, is excited to announce the release of their Capital Series in Meadow Park. This boutique community offers the excitement and convenience of metropolitan living with the affordability of suburban pricing and one of the lowest property tax rates of any community in Buda.
11 Georgia Business Brokers Named to Million Dollar Club with $40 Million Sold
ATLANTA, Ga. (SEND2PRESS NEWSWIRE) — In a difficult year for business transactions, 13 members of the Georgia Association of Business Brokers helped enough business owners buy and sell $40 million worth of businesses to earn membership to the organization’s prestigious Million Dollar Club for 2010.
Premier Austin Texas Real Estate at Southpark Meadows
AUSTIN, Texas (SEND2PRESS NEWSWIRE) — Buffington Homes, the leader in Austin Texas real estate for over forty years, is excited to announce the release of their new Capital Plus series homes in The Reserve at Southpark Meadows, a master planned community offering the excitement and convenience of urban living with the affordability of suburban pricing.
Changing Market Indicated It Could Be the Best Time to Buy a Foreclosure
MIAMI, Fla. (SEND2PRESS NEWSWIRE) — ForeclosureDeals, an online leader in the foreclosure listings and foreclosure information industry, reports that rising mortgage costs and declining foreclosures in many areas signals that now could be the best chance homebuyers have to save money on discount foreclosure homes.
Some States Provide Best Value for Foreclosure Properties
NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — ForeclosureWarehouse.com calls attention to future homeowners to some states with the best price values of foreclosure properties. Foreclosure Warehouse statistics show that the top states that had the lowest prices in the beginning of the 2011 compared to the same time in 2010 reveal advantageous situations for those who are looking for a new property.
California’s Top Cities with Homes in Foreclosure – 2011 A Record Year?
LOS ANGELES, Calif. (SEND2PRESS NEWSWIRE) — Foreclosure Data Online reports data for the top California cities and the change since the previous month. Facing more foreclosures, California, already the region’s number one State for foreclosures reveals the top 10 cities that made the state number one in foreclosures (and its difference between second places).
Top 5 States with More Foreclosures in 2011 from 2010
NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — ForeclosureListings.com reports data that shows alarming statistics about five states that had more foreclosures in them from 2010 to 2011 and the average price of a home in foreclosure. Struggling with job losses and loans worth more than their home’s value, almost 5 million borrowers are at least two months behind on their mortgages.
Mark Morgan Joins Wholesale Trading Co-Op in Atlanta
SAN FRANCISCO, Calif. (SEND2PRESS NEWSWIRE) — Wholesale Trading Co-Op Insurance Services, LLC (WTCI) announced today that wholesale brokerage industry veteran, Mark Morgan, has joined the firm as vice president/property broker.
Data Supports Specter of Unemployment Keeping Foreclosures High in Some States
NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — According to The Associated Press’ monthly analysis, higher unemployment and foreclosure rates, especially in South Atlantic and Mountain states, raised the nation’s economic stress in November. This supports the findings from Foreclosure Data Online that confirms Colorado and Florida have more of the top 10 cities listed for the number of foreclosures because these states rely on hard hit tourism, and have recently lost drilling, mining, or construction jobs.
Business Expansion, Improved Employment the Cure for Home Foreclosures?
NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — The foreclosure trends are again in today’s news, and according to data compiled by Foreclosure Warehouse, this situation seems as though it is not going to get any better regardless of how much the government tries to help, until more jobs are created and sustained.
Building Engines and eSight Energy Partner to Provide Real Estate & Facilities Operators Integrated Energy Data Management, Tracking and Response Tools
BOSTON, Mass. (SEND2PRESS NEWSWIRE) — Building Engines, provider of a comprehensive web-based operations management solution for owners and managers of all property types, and eSight Energy, developer of a sophisticated energy management software platform, today announced a partnership that enables real estate and facilities managers to measure, track, and act on energy related data.
Dwindling Home Equity Forces Homeowners to Examine Options
SUNNYVALE, Calif. (SEND2PRESS NEWSWIRE) — ABCD Publishing announced this week the release of RemodelOrMove.com‘s U.S. Homeowner Sentiment Report for Spring 2011. It reveals that homeowners who are interested in remodeling or expanding their homes have limited options. Of the 5,000 homeowners surveyed, today the average amount of home equity is $106,000 compared to $176,000 in 2009.
Residents of Shelby County May Be at Risk for Mine Subsidence
TOWER HILL, Ill. (SEND2PRESS NEWSWIRE) — The Illinois Mine Subsidence Insurance Fund (IMSIF) is expanding its consumer education campaign to make residents of Shelby County aware of the possibility that their homes may be built over abandoned mines, which would make them at risk for possible mine subsidence.
Foreclosure Filings 2010 Statistics Show No Shortage of Foreclosed Homes
MIAMI, Fla. (SEND2PRESS NEWSWIRE) — Record numbers of foreclosures hit the market in 2010, as well as record numbers of people looking to buy them, reports Foreclosure Deals, a leading online provider of foreclosure news and information, in a year-end Foreclosure Filings 2010 review. The record-breaking trend of 2009 continued throughout the year, as foreclosures have remained high and many experts are expecting them to climb even higher in 2011.
Finding an Apartment in New York with RealDealNY.com is Now Effortless and Effective
NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — Finding an apartment in Manhattan just got easier. Real Deal Solutions Inc. announced today the release of its innovative Web site, located at RealDealNY.com, which gives buyers, renters, and agents a real time search platform for locating apartments for rent or sale in Manhattan, Brooklyn, Queens, Long Island and the Tri-State area.
U.S. Residential Group Picks Up CMBS Special Servicing Assignment in Texas
CARROLLTON, Texas (SEND2PRESS NEWSWIRE) — Another CMBS special servicing assignment has been awarded to U.S. Residential Group, Inc. through its Real Estate Services division. The assignment is for management services on Eagles Landing, a recently foreclosed 200 unit garden style apartment community located in Garland, Texas, a suburb of Dallas.
Veteran REALTOR Bob Vieira Joins Elite Pacific Properties as Broker In Charge
HONOLULU, Hawaii (SEND2PRESS NEWSWIRE) — Elite Pacific Properties, a fast-growing boutique Oahu real estate firm specializing in mid- to high-end real estate, announced today that it has appointed Bob Vieira as Broker In Charge.
Industry Report Reveals Home Remodeling Projects Shrink as Homeowners Worry; But News Is Not All Bad
SUNNYVALE, Calif. (SEND2PRESS NEWSWIRE) — A recent report released by Remodelormove.com revealed that homeowners continue to scale back on remodeling projects in response to concern over the economy. ‘We release these industry reports every six months based on a survey of 5,000 homeowners who are considering changing their home – either remodeling or moving,’ says Dan Fritschen, founder.
Sandlin Custom Homes Breaks Ground on New Homesites in the Dallas-Fort Worth Market
DALLAS, Texas (SEND2PRESS NEWSWIRE) — Signs of a recovering market are becoming more evident. The number of homes and developed lots continues to decrease steadily. One of Dallas-Fort Worth’s major homebuilders is doing what seemed impossible 18 month ago – rolling out an entire new phase in one of their most popular north Texas communities.
31% of Home Sales in First Quarter Were Foreclosures
MIAMI, Fla. (SEND2PRESS NEWSWIRE) — Foreclosure Deals, an online leader in the foreclosed homes for sale listings and information industry, announced today that 31% of all residential properties sold in the first quarter of 2010 were foreclosure properties. Experts at the company believe the statistic shows that people are continuing to turn to the foreclosure market as a plentiful source of low cost homes.
Foreclosures Plateau in April
MIAMI, Fla. (SEND2PRESS NEWSWIRE) — Foreclosure Support, an online listings provider of foreclosed homes for sale, reported that foreclosures dropped 9 percent nationwide during the month of April, leading experts to speculate that the foreclosure homes market may finally have plateaued. In addition to the 9 percent drop since March, foreclosures fell 2 percent from April of 2009, marking the first year since the foreclosure crisis began that the market has seen an overall drop.
Foreclosures Fall 9 Percent Nationwide During April
MIAMI, Fla. (SEND2PRESS NEWSWIRE) — Foreclosure Deals, a leader in providing listings of foreclosed homes for sale nationwide, reported today that foreclosure filings in April fell 9 percent from the previous month, and over 2 percent from April of 2009. The company also revealed that default notices, which mark the beginning of a new foreclosure, were down 12 percent from March and over 27 percent from the previous year, while bank repossessions (also known as REOs) of existing foreclosures hit a record high.
DataTrac Tools Help North Collin County, Texas Habitat for Humanity Compete for Funds, Advance Affordable Home Ownership
DALLAS, Texas (SEND2PRESS NEWSWIRE) — Del Mar DataTrac(R), Inc. (DMD), the leading provider of affordable end-to-end mortgage lending automation solutions, and an industry pioneer in business intelligence, document imaging and management, and loan process workflow tools, collaborated with the North Collin County Habitat for Humanity chapter in McKinney, TX, by providing its DataTrac Originator point of sale (POS) system which includes powerful tools to support the organization’s affordable home ownership initiatives.
Foreclosures Up by 7 Percent During First Quarter
MIAMI, Fla. — Bank Foreclosures Sale, an online leader in the foreclosure listings and information industry, reported new statistics for the first quarter show foreclosures are up 7 percent from the most recent quarter, and almost 16 percent from the first quarter of 2009. While the first two months of the year saw relatively low foreclosures, filings surged 19 percent in March, largely accounting for the overall quarterly increase.
Building Engines Reports Continued Expansion with Related Management
BOSTON, Mass. — Building Engines, provider of a comprehensive Web-based operations management solution for owners and managers of all property types, today reports continued long-term system adoption within Related Management, a division of The Related Companies, Inc., a world-renowned real estate developer, owner and manager based in New York City. The announcement comes after a successful year of adoption and usage across commercial office, retail, and hospitality properties.
Georgia Real Estate Commission Chairman to Speak to Business Brokers on Licensing
ATLANTA, Ga. — Buying or selling most businesses requires a license, and Robert Love, chair of the Georgia Real Estate Commission, will speak to the Georgia Association of Business Brokers about state licensing requirements at the group’s monthly meeting on Tuesday, April 27, at 10:30 a.m.
Foreclosure Rates on the Rise Across the Nation
NEW YORK, N.Y. — Data published by ForeclosureListings comparing March 2010 to February 2010 shows that Florida and Georgia had an important increase in foreclosure rates at 21.26 percent and 20.14 percent respectively. Michigan, one of the economically hardest-hit by the recession and a leading state in the number of foreclosure states surprisingly had only a .44 percent rise in foreclosures for the same time period.
More than 4 Million Families Face Foreclosure
NEW YORK, N.Y. — Data published by ForeclosureListings comparing February 2010 to January 2010 shows that Texas has witnessed the highest increase in foreclosures with a rise of 35.3 percent, followed by Michigan at 17.54 percent, California at 11.93 percent, and Florida at 4.71 percent increases. Georgia actually showed a decrease of 5.55 percent and Arkansas showed the largest drop in foreclosures down 28.6 percent.
Pacific West Management, Inc. Joins U.S. Residential Group, Inc. to Serve Multi-Family Industry Nationwide
DALLAS, Texas — Pacific West Management, Inc. is pleased to announce its affiliation with U.S. Residential Group, Inc., a Dallas-based company established to provide multi-family real estate services on a nationwide scale. U.S. Residential Group is a full-service, fee-based management company for conventional and affordable multi-housing communities.
Unemployment, Economic Hardship among Factors of Foreclosures in the U.S.
NEW YORK, N.Y. — Foreclosure Listings confirmed that the national foreclosure rate in January was one foreclosure filing for every 466 U.S. households; the most severe problems continue in the west and in Florida. Unemployment, economic hardship, negative equity, and credit availability are driving the foreclosures. Yet between the months of December 2009 and January 2010 a drop in the actual number of foreclosures was recorded.
Shadow Inventory Properties May Contribute to Next Wave of Foreclosures in 2010
LOS ANGELES, Calif. (SEND2PRESS NEWSWIRE) — The year 2009 has come to a close and the real estate professionals at Bank Foreclosures Sale are gearing up to continue to provide real estate investors with the most current information on foreclosures in 2010. While the Obama administration has worked to quell foreclosures, it appears that these efforts may not be enough.
Positive Economic News as Foreclosure Rates Fall
NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — The end of the recession may be in sight as foreclosure rates were down again in many states in November compared with October while foreclosure prices were up. Comparing rates and sale price figures from ForeclosureListings.com offers a positive economic snapshot of the current housing market. For buyers who have been waiting and watching the market, now is a good time to buy.
Foreclosure Deals’ Report Is Valuable Tool for Real Estate Investors
MIAMI, Fla. (SEND2PRESS NEWSWIRE) — Foreclosure Deals, the leading online marketplace for foreclosure properties, has compiled important data for the second semester of 2009; it releases statistics on foreclosure information throughout the U.S. This is valuable information for people who want to invest in foreclosed homes for sale.
Engel and Volkers Lake Placid Real Estate Launches Premier Vacation Rental Website Aimed at Inbound Travel to Lake Placid, New York
LAKE PLACID, N.Y. (SEND2PRESS NEWSWIRE) — Engel & Volkers Lake Placid Real Estate, a leading full service real estate property shop in Lake Placid for the last 30 years today announced the launch of a new vacation rental website. A world renowned four seasons resort destination in the Adirondack Mountains, Lake Placid is known for hosting two Olympics and is a haven for outdoor and recreational enthusiasts. Offering something for everyone, the region is a destination to over 2 million overnight visitors per year.
Entrepreneur Builds ‘Buy My Moms House’ Site to Keep Mom’s Missouri House from Foreclosure
PASADENA HILLS, Mo. (SEND2PRESS NEWSWIRE) — A California entrepreneur has put up a Web portal called ‘Buy My Mom’s House’ (BuyMyMomsHouse.com) to help sell his mom’s house in Pasadena Hills (St. Louis) Missouri, which has been on the market for a year and, while sitting idle for open houses, has been eating through mom’s savings.
London Bay Homes Launches New Website with Expansive Photo Gallery and Interactive Floor Plans
NAPLES, Fla. (SEND2PRESS NEWSWIRE) — London Bay Homes, a Naples, Florida-based builder of luxury custom homes and unique Village communities throughout Southwest Florida, has designed and launched a new company website that provides visitors with a wide range of content including a custom home photo gallery, interactive floor plans, blog, and real estate news at www.londonbay.com.
Foreclosure Prices Were Up, While Real Estate Prices Were Down
NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — Reports from the first days of November show that the housing market is still on shaky ground. According to the statistics from Foreclosure Data Online, real estate prices on the whole are down already for the first three days of November as compared with October’s average. The foreclosure market appears strong however. It grew over this same period and shows the kind of steady growth that is apt to continue.
Arizona Leads as Foreclosure Rates Rise Countrywide
NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — According to statistics from Foreclosure Listings, foreclosure rates are still on the rise across the country, a sure sign that the recession is far from over. The same statistics show that average foreclosure sale prices are also on the rise. The combination means that it is a strong market and a good opportunity for investment buyers.
Foreclosure Inventory Remains at All-time High
MIAMI, Fla. (SEND2PRESS NEWSWIRE) — Bank Foreclosures Sale reports that ‘Making Home Affordable,’ a $75 billion federal government-backed initiative to keep up to seven to nine million Americans in their homes by preventing avoidable foreclosures, may have an uphill battle.
Slow Price Increases, Moderate Foreclosure Declines Reported in Latest Statistics
NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — According to ForeclosureWarehouse, the Making Home Affordable Program created by the Obama Administration as a way to help struggling homeowners save their homes from foreclosure has had mixed results. After two years of declining prices and increasing foreclosure rates, the program may have helped reduce the numbers but it has failed large numbers of homeowners who were eligible for the program. Wells Fargo and Bank of America had enrolled only 6 to 4 percent, respectively, of their eligible borrowers.
Foreclosure Listings Data Bank Lists Homes 20 to 40 Percent Below Market Value
MIAMI, Fla. (SEND2PRESS NEWSWIRE) — The number of foreclosures for sale remained near record levels for the month of August according to real estate industry reports. Prices continue to drop on foreclosure listings as market levels remain at record lows. ‘Whether people are seeking to buy or sell, now is the time to take action,’ Alex Rolim, real estate investment advisor for ForeclosureDataBank, says.
Foreclosure Homes are More than Affordable for Potential Home Buyers Today
NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — Good news for people who want to buy properties across the nation: ForeclosureRepos has new statistics posted online that give an average price of single family homes, condos, and even duplex or triplex properties. These figures are based on an average sale of foreclosures across the nation.
Good Deal for Buyers: Foreclosure Home Prices Still Dropping in Several States
NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — According to ForeclosureDataOnline, many states are still seeing a drop in foreclosure housing prices despite improvements in many parts of the United States. These statistics suggest investors and home buyers might want to hold out just a bit longer when buying foreclosure property in some states.
Positive Statistics in Foreclosure Market Suggest Hope for Home Owners
NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — ForeclosureListings.com statistics suggest some improvement in the housing market, but the good news for homeowners might be just a temporary setback for real estate investors searching for a good deal. Decreases in the number of foreclosure filings in each state and increases in prices in many of those same states seem to suggest good news, although the news is still mixed in some parts of the country.
Buyers Interested in Low Cost Foreclosure Homes Need to Act Now
NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — The high foreclosure rate across the United States during the last two years caused an abundance of properties to flood the market. Prices on real estate dropped as the number of available homes kept growing. An analysis conducted by Foreclosure Data Online using their large database of foreclosure information has found that situation is changing. Prices are rising and homes are being purchased more quickly than in recent months.
Real Estate Investors Can Find Good Deals on Foreclosure Properties in Many States
NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — Real estate investors have benefited from the downturn in the real estate market. With high levels of foreclosures dramatically inflating the supply of homes in most states, the prices have dropped and made properties more affordable. In many states, investors can pick up numerous properties with just $500,000. According to information collected by ForeclosureRepos.com, investors can pick up 2, 3, and even more homes in key locations.
Statistics Suggest a Less than Stable Real Estate Market
NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — ForeclosureListings.com provides statistics regarding the most recent foreclosure and real estate prices throughout the United States. Just as the signals about the state of the economy seem to be mixed, the fluctuations in the real estate market do not seem to follow a set pattern either.
ForeclosureDeals.com Reports on Foreclosure Filings for First Half of 2009
MIAMI, Fla. (SEND2PRESS NEWSWIRE) — ForeclosureDeals.com has been closely following and analyzing foreclosure filing data around the nation. For the first half of 2009, the company reports that foreclosure filings were just shy of two million. This number is a nine percent increase from the last six months of 2008 and a 15 percent increase from the first six months of 2008.
Real Estate Experts Say Residential and Commercial Foreclosures Will Continue to Rise
NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — According to the real estate experts at ForeclosureDeals.com, foreclosed properties will continue to dominate the real estate marketplace in many regions. Recent reports have been released that support this prediction. For example, in Utah’s Washington County, the region’s foreclosure rate remains higher than the national average.
ForeclosureListingsNationwide Makes the Dream of Owning a Home a Reality
LOS ANGELES, Calif. (SEND2PRESS NEWSWIRE) — Foreclosures are at an all-time high. However, good news is on the horizon. The release of the new federal tax credit of $8,000 given to first-time home buyers has heated up the real estate market and provided a well-needed boost to the struggling real estate industry. And, Foreclosure Listings Nationwide announces that its company has more than 1.5 million properties for sale.
Investors Eye Foreclosure Declines, Home Price Increases
NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — Despite recent negative information about the job market in the United States, the housing market is beginning to show some signs of improvement shows the latest Foreclosure Listings report. Investors wanting to take advantage of the slumping prices and frequent foreclosures, particularly in some of the top markets, may need to act more quickly.
ForeclosureDeals Does the Research for Its Clients
MIAMI, Fla. (SEND2PRESS NEWSWIRE) — ForeclosureDeals.com, a leading online foreclosure listings service announces that real estate executives say the regions that saw the biggest price spikes during the bubble continue to wrestle with the most foreclosures: California, Florida, Nevada and Arizona.
Leading Online Foreclosure Database Releases Latest Statistics on Real Estate Market
NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — According to research by ForeclosureListings, during the last two years, the housing market has been suffering due to increasing numbers of foreclosure properties glutting the market. While this has been bad for homeowners who are losing their properties at unprecedented rates, investors have benefited from this trend. Housing values have gone down dramatically making many affordable for investors who can convert them into profitable rental properties and other investments.
Texans Invited to Tour Invergarry Castle after the Texas Scottish Festival and Highland Games
ARLINGTON, Texas, June 4 (SEND2PRESS NEWSWIRE) — The MyGlengarry.com Conservation Trust invites participants of the Texas Scottish Festival and Highland Games, taking place at the Maverick Stadium in Arlington, June 5 through June 7, to extend these Scottish festivities and take a unique Second Life tour of the Scottish Citadel, Invergarry Castle. The tour is scheduled to take place on June 8 at 2 p.m. and is open to all Texas residents.
$53.5 million Land Donation to aid in Restoring Everglades Sets Land Partnership Standard for Local Governments
WEST PALM BEACH, Fla., May 14 (SEND2PRESS NEWSWIRE) — Okeechobee Land Dev. announced a land donation worth $53 million and 2,256 acres near Lake Okeechobee that will eventually help clean up polluted runoff flowing into local waterways has set a new standard in public-private partnerships. Martin County Commissioners unanimously endorsed the project Tuesday at their board meeting, and the South Florida Water Management governing board is set to approve the project Thursday.
Foreclosure Listing Website Helps Real Estate Investors to Find Best Bargains
MIAMI, Fla., May 12 (SEND2PRESS NEWSWIRE) — Many Americans have been awaiting the results of the recent bank stress tests which served to clarify banks’ capital needs. The results revealed that many banks won’t get a high enough price for their mortgage-related debt. As a result, Bank Foreclosures Sale has an extensive database of bank foreclosures and cheap houses for sale.
Nation’s Top Foreclosure Site Reports New Foreclosure Rate Data
NEW YORK, N.Y., April 14 (SEND2PRESS NEWSWIRE) — Foreclosure Listings has been carefully following the effects of the economic package and reports that foreclosure numbers continue to surge. The most recent news was the president’s introduction of the Homeowner Affordability and Stability Plan.
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Campaign Promises and President Obama’s First 100 Days
NEW YORK, N.Y., May 1 (SEND2PRESS NEWSWIRE) — According to ForeclosureListings research, of the 895 campaign promises that Barack Obama pledged, only 3 of the dozen concerning the housing crisis have been met during his first 100 days in office. During his presidential campaign, Obama promised to cut taxes for all but the wealthiest citizens while also placing the country on the path of fiscal responsibility resulting in a ‘net spending cut.’