You wake up in the morning, you know it's going to be a great day. After all you go to bed the night before with your plan all laid out. Then what happens next? Your first client is in forclosure, his house is upside down and you rack your brain on how can I help this person. Why is life so complicated. He's a good person he bought this house 15 almost 16 yrs ago with good faith that this was where he would spend his happy years and what happens next? Well I'll tell you; A loan officer calls him four years ago and tells him that the best thing he could do for his family is refinance and I bet you can guess what kind of loan. If you said an adjustable rate mortgage BINGO! You would be correct. Now here he is four years later about to lose his home, his family's dream and out on the street. So I ask you why does life have to be so difficult? There's no answer to that question because even if there were an answer it would be to darn difficult to understand. Such is life.
I just heard on the news how 1000's of Minnesotans are about to lose their homes due to forclosure. Does this mean their is going to be a major increase in the rental market or perhaps in the homeless shelters? Where does it end. Is there a simple answer or perhaps we just arent' asking the right people. If anyone has any ideas now is the time to share. Or is this the calm before the next BOOM!?