We are a powerful community of does and shakers. There should be something we can do for the people who honestly got into bad loans and now are facing losing their homes.
Don't get me wrong, there are some who bought and took loans knowing the full ramifications of the loans. There are some who bought investment properties on these loans and now just don't care, it's a write off, and they are still happy and fat in their personal residences. BUT what about the others?
What about the people who saved and bought their first home. People who were talked into homes they could not afford or could barely afford? People who are trying to stay a float? People who are honest and hard working. What can we do for these people.
If they sell, they lose everything, their credit rating, their pride, their home - everything. If they don't sell they live month to month just waiting for the ax to fall.
So what can we do? Central California has been hit harder than most areas in California. The town of Tracy, CA has 80,000 people, there are over 800 homes for sale, over 500 of them are short sale or REO's and there were 56 foreclosures in the paper yesterday. WOW! Our town has been hit harder than most, the short sales and REO's are selling only 10 homes sold last week. OUCH!
Ideas? I'm all ears!
Susan Goulding
Tracy, California
209-914-5573
AR@SusanGoulding.com
www.SusanGoulding.com
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