I spoke to a homeowner the other day and was told that they are not only losing their home due to foreclosure, they are losing their cars and credit card usage.  They feel they are being stripped of everything.   

As we look around the fallout of the distressed housing situation is not only causing a foreclosure problem but is affecting homeowners other large purchase of their cars, trucks, RVs, boats, cabins, timeshare property, credit cards and other main lines / investments of their lives.

 

Vehicles are being seized from driveways in the middle of the night.  Homeowners are being affected in all areas of their lives. 

 

 

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Check out: Real Estate Terms/Definitions.  And take a look at Mother and Daughter Blog and D'Adrea's Mother and Daughter Blog  - for other tips for Sellers and Buyers. I work with my daughter as the Mother and Daughter Real Estate Team at Perfect Financial Solutions and we also focus in Short Sales and the Pre-Foreclosure process.  Our consultations are free.  Our aggressive marketing plan includes on-line listing advertising.  If you are thinking of selling or buying a home in Northern California's Central Valley (San Joaquin County CA - includes Stockton, Manteca, Tracy, Lathrop) plus Stanislaus County CA - includes Modesto, Salida, Riverbank) & the East Bay (Alameda County CA - includes Hayward, Fremont, Newark, Union City & Oakland) and surrounding areas give us a call.  If you would like a FREE Home Seller or Home Buyer Handbook, please call us at 866-750-8282 or email at US.

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6 Comments on Fallout from the foreclosure crisis .... keeps the repo man busy all over.

FEB
16
2008
8 Featured Posts
Once they've lost all of those things, they will find it impossible to lease a nice apartment anywhere.
4:58pm • #1
100,610 Points
It is so sad and scary to watch more and more cases like this. Hopefully it will teach all of us to plan for the future little better.
8:42pm • #2
FEB
17
2008
190,771 Points 1 Featured Post Localism Sponsor Outside Blog Hit Router
Michael, you are right it just keep going.  But this too shall pass.
11:03am • #3
190,771 Points 1 Featured Post Localism Sponsor Outside Blog Hit Router
Sonja ~ there is definitely a lesson or two to learn and not just for homeowners, all America!
11:04am • #4

Some buyers were definitely victims, but I don't feel that those who continually refi'd to buy boats and cars they couldn't afford are victims whatsoever.  So they may feelt hat they are being "stripped" of everything, but they were the ones who pulled down their pants!

In my opinion :)

J G
6:24pm • #5
190,771 Points 1 Featured Post Localism Sponsor Outside Blog Hit Router
Jason ~ ohhhh Jason! I hear ya.  I got a visual!  I agree some were victims and some are not.  But my heart still goes out to them that are losing stuff that they are working to keep - hopefully with their pants on.
6:32pm • #6

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Rosemary Brooks -Mother & Daughter (866)-750-8282

Stockton, CA

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Family Realty Group - 866-750-8282

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