Don't gamble with your future

Real Estate Agent with Realty Executives

On a trip to Las Vegas recently, I found myself parked in front of the "Wheel of Fortune" slot machine. As much as I hate to admit it, I love playing that slot. The only problem is I normally leave with less than I started with. We all know that's how these lavish hotels and casinos were built. 

As I sat on the plane on our way home, I realized how many sellers gamble with their largest asset. They sit at the slot machine, making one bad decision after another, falling deeper and deeper in the hole.

If you are struggling to meet you mortgage payments, you need to call a Realtor right away. Don't fall behind in your payments then call for help. Based on the market times required to sell a property, your best option is to call first, don't let pride or embarrassment keep you from making the "right" decision. We are here to help, not to judge. A strong listing agent should be able to assess your situation, and determine if you should sell now or speak with your lender to negotiate your loan terms.


Posted by

Chris Faircloth, Realtor

Realty Executives

757-288-0983 Cell

Comments (4)

Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

I understand and it is diffiult for some to come to terms with their situation.

Jan 19, 2010 12:33 AM
Home Loan Search.Online
Home Loan Search Online - Newnan, GA

This is so true. I've seen that home owners turn to realtors as a last resort but they can be a huge asset if involved early on in the process.

Jan 19, 2010 12:40 AM
Don Williams
Keller Williams Realty - Lewes, DE

HI, I am not sure if we should tell them to sell if they are behind in their mortgage payments, that could put us in a position to be sued.  I think they can call us, we tell them their options, then have them talk to an attorney for for legal help.  If the lawyer determines they should sell, then we help them. 

Jan 19, 2010 12:42 AM
Chris Faircloth
Realty Executives - Virginia Beach, VA

Each individual situation is different and should be addressed accordingly. To say "you should sell because you behind on your mortgage" is irresponsible. Clearly, no one is giving that advise.

Jan 19, 2010 05:40 AM