Sacramento Real Estate Views

More Foreclosures On The Way

No End In Sight

Someday, this is going to end.  Someday, we’re going to look back on this and saying, “damn that was tough”!”  But for now, we have to adjust, make changes where necessary and above everything else, survive this troubled time.  We will, we all will and we’ll be stronger because of it and also, we’ll make much better financial decisions as a result.

I had a conversation with a prominent REO listing agent yesterday who clearly told me, “get out of real estate, go do something else, anything else”.  The sky is falling.  He may be right.  Our financial system is quite a mess and may need a complete overhaul to keep it above water.

Many People In Pain

Going through a foreclosure is possibly one of the toughest things that can happen to someone.  It’s not intentional, no one meant to lose their home.  It just happens.  Divorce, job loss, mortgage reset..there are so many reasons causing this to happen.

Once you’re in foreclosure, the goal is to get out of it and on to a new beginning.  Don’t beat yourself up though. I know the CEO of GM isn’t beating himself up for running the company into bankruptcy.  He’ll just take his bonus, go to Tahiti, have a few Mai Tai’s and retire wealthy.  Something just doesn’t seem right about that but that’s the way it seems to go.

Are You In Foreclosure or Close To It?

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