Hula and The Real Estate Market Today

Everyday the news just seems to be getting harder to read, Lawyers in trouble over Loan Mod's not to mention all the Short Sale/Loan Mod companies crashing all around. Homeowner's in distress and some loosing more money by paying for Lawyers and Short Sale companies that aren't performing or worse yet in foreclosure. Bankruptcy thru the ceiling, yikes.

As a volunteer for Fair Housing I see the good, the bad and the ugly and even though we seek to help everyone who is a homeowner in distress it is very difficult when you see that some of these owners are just taking advantage of everything and everyone they can. Of course this is making it double difficult for those who really need our assistance to be heard.

The banks have been holding back on foreclosing trying to modify these homeowners but when they do the homeowners are dissatisfied with the new terms the banks are offering. So the banks are about to bring the hatchet down and start foreclosing instead of dealing, that will create another mass of REO's to the market, which will bring everyone's property values down.

What a mess were in, seems a little overwhelming some days. When the ball falls Realtors will be in a Daze for sometime, I'm thankful that I started this business 3 yrs ago when the going was beginning to get tough so the tough had to adjust. I've learned so much these past years that even my colleagues never knew and they've been in the business for 20+yrs. I'm still learning and actually enjoying the process, I guess you just have to love this business to remain and still have a smile on your face.

Need a Realtor?

Dee