Blog | Mortgage Crisis - What Does it Mean to Me? by Kyle Webster | 1 Dec 2007 11:41 AM |
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If you've followed the News lately or the Real Estate News Feed on the right side of this page you've probably seen:
1. The explosion of foreclosures
2. The seeming demise of the mortgage industry
3. And now... Several plans being presented to resolve the situation...
But what does this all mean to you?
First, there are many opportunities in the market today! You just have to know where to find them!
In the past people have had any number of reasons to sell a home, now they have another BIG one.
Second, there's going to be a lot more to think about when preparing to buy or sell a home than there used to be. Banks are very interested in making sure they continue to stay profitable as some of their mortgages go into foreclosure. If you buy a home be prepared for some additional hoops, having an expert - like me :-) - can help with this. It you are selling remember to get your bank involved early so there are no surprises at closing. Again, having a professional always helps and that's why I'm here.
Please, give me a call, and let's talk about your situation and how to make the most of current market conditions
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