Does it feel like trust is one of the major casualties of the economic meltdown, followed by the “Great Recession,” the “Jobless Recovery” and now the threat of a “Double Dip Recession?” I had a friend call it the “Great Correction”, not matter, when is the pain going to end? Weren’t we told home values were destined to go up and up?
There have been lots of promises that help is on the way and lots of warnings of scams and schemes that have only served to confuse the matter. So where’s a homeowner who’s underwater or overleveraged to turn?
The bottom line is the choices that homeowners make when they feel they are at the end of their rope will have ramifications for years to come on their ability to qualify for credit, their job prospects, their security clearance and their overall finances. When a family’s financial trajectory is rapidly heading in a negative direction, there’s no substitute for the helping hand of a knowledgeable expert who has the integrity, the experience and the training to reverse the course—someone who is tapped into regulatory initiatives and can separate fact from fiction.
It is my mission to serve as a credible source of information and perspective to homeowners who have found themselves in a tough situation and need help sorting through their options. That’s why I sought out the Certified Distressed Property (CDPE) designation and it’s why I continue to stay on top of regulatory and industry developments that impact options available to homeowners who are struggling with their current financial situations.
My message to homeowners who do not know where to turn, there is hope. Foreclosure is not inevitable and neither the government nor your bank wants to see that happen. No one expected to find themselves on the brink of foreclosure, but I have worked with clients who have managed to turn their financial trajectory around and get on a path of financial recovery.
It CAN be done! And it would be my privilege to help.
So it’s been an exhausting couple of weeks for me on the real estate front here in Hampton Roads. I’ve had several poignant moments that have stopped me in my tracks. I thought I might share a few.
Hampton Roads real estate market continues to show signs of progress. The great news is the number of active homes on the market decreased by 11.6% over July of 2010’s figures, while number of under contract and settled sales increased by 24.7% over July of 2010. What this means is the inventory is being absorbed, which leads to a more stable market thus stabilizing home prices.
Whenever I research the latest foreclosure and distressed property statistics, the sheer number of Americans facing the stress of losing their homes amazes me. It is my goal to help as many homeowners I can either stay in their homes or relieve the burden of their mortgages. Knowing that there are so many that need my help is a driving force for me to continue doing what I do.
Did you know it’s estimated that most American families can only maintain their current living expenses for 30 days or less when income is interrupted.