Lest We Forget!
My Momma told me, "It is never good to talk about religion or politics in class or in public." I hope Momma will forgive me for breaking her rule. We are now in the count down to the runoff for our elected officials: especially regarding who will be the Republican Congressman from Northwest Arkansas and the western part of the River Valley. The winner will most likely be the Congressman for the next two years. We Realtors put a whole lot of effort in staying in touch with our elected officials in Washington.
When business was really tough in the last year, the local Boards of Realtors and the NWA Home Builders Association put a lot of time and money in an advertising campaign named, "It's a good time to buy a home in Northwest Arkansas." We all should remember the person who stepped forward to be the spokesperson for that campaign. Mayor Steve Womack proved to be a great friend of our industry then and will continue to be.
All of us that make a living in the Real Estate Industry need a friend in Washington D.C. to help and protect us. Mayor Womack proved his friendship last year, and we need to return the favor on June the 8th. Let's continue that friendship and keep it going into the future.
On another note: Have you seen the discussion on the Credit Consequences of Short Sales? It seems that a Short Sale, unless done very carefully, can affect that person's credit report for up to Seven years. A Foreclosure will affect the credit report for only Five years. It all depends upon how the financial instruction reports the occurrence. There have also been discussions about distressed homeowners being hit with Default Judgments after Foreclosures. The idea that we Realtors can give advice or council distressed homeowners should be strongly reconsidered.
I will be attending the Real Estate Educators Convention in San Antonia the middle of this month so I will be up to date on the newest things happening in the Real Estate Industry.
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