Foreclosures: Prime Borrowers Are The Latest Victims

By
Real Estate Broker/Owner with Lazarus Realty

Foreclosures: Prime Borrowers Are The Latest Victims.

Prime Borrowers = people like you and me.

I have one client who, until recently had excellent credit, and lives in a  3000+ sq. ft. — 5 bd. / 3 ba–  home, which will soon be the property of the bank.  His retail business hasn’t just slowed, it’s fallen off the cliff.  The retail mall he is in is becoming a ghost town.  He has days when the cash register does not even ring.
He asked me to sell a small (around 800 sq. ft) 2 bedroom 1 bath rental that he owns free and clear and I was able to convince him to keep it.

He has taken my advice and is currently renovating the property and preparing to move into it.  Its a HUGE step down for him but I told him that when he’s done he will have the envy of many-a-man in Fresno (including me);  he will be living in a home he can call his own which places him among a small minority.

He isnt going to have those $3000.00 a month payments to make. HOW SWEET IS THAT!

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
California Fresno County
Tags:
fresno
foreclosures
reo

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
79,032

Randy "Lazarus" McAtee

Owner/Broker, Lazarus Realty, Fresno California
Ask me a question
*
*
*
*

Additional Information