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The Crisis Worsens

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Services for Real Estate Pros with 1st Choice Mortgage Resolutions

Today, Yahoo! News posted an article about the current state if the economy in respect to the foreclosure market.

You can check the link out here: Record 12% behind or in foreclosure!

This is truly a staggering figure! And to think....its only going to get worse!

 

I'd like to open a discussion about your thoughts on the economy. Here's some points I'm (and others) are interested in knowing:

 

What are you doing to brace yourself for the impact of a lost job/income?

 

How long can you survive on your savings if you were to lose your income?

 

What tips/tricks are you using to ease the burden of rising costs and lowered income?

 

or, just post your thoughts on the economic issue, where you think were headed, what you think a good "corrective" strategy would be.

 

Remember, we all are individuals, this means that we all are effected in different ways. I personally would like to know what your thoughts/experiences with this crisis are.

 

Sincerely,

 

Walter W. Getz

1st Choice Mortgage Resolutions

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*Providing Solutions to homeowners across the country to their mortgage matters.*

Walter Getz

1st Choice Mortgage Resolutions

Rochester, NY & Bethlehem, PA

(585) 232-7998

Comments (1)

Bob & Leilani Souza
Souza Realty 916.408.5500 - Roseville, CA
Greater Sacramento Area Homes, Land & Investments

Walter, my thoughts are that we have definitely not hit bottom yet...we just need to prepare ourselves, sit tight and see what happens. Unfortunately, we are being exposed at so many different levels and it's not just the foreclosures and housing market anymore...among a plethora of other issues, now there's even talk about the uncertain future of the U.S. dollar!

I've never had any interest in politics whatsoever until this year...and the more I learn about it, the worse the current administration seems to be.

God bless America.

Leilani

Oct 08, 2009 07:15 PM