Blogging about anything can be a little scarey because of the vast amount of blogger's out there that have their own opinions, thoughts and ideas about what is happening in their corner of the world, myself included.
There are government programs out there that are 'designed' to assist the homeowner with their distressed property situation and the information that goes along with each of those programs is down right overwhelming and scarey...even for me, a seasoned Realtor who studies the old, current and up and coming programs on a daily basis.
So what to do as a homeowner? First, know that you are not alone. The population, at large is underwater and while not all are struggling to make their payments, it is estimated that one third of the population is underwater.
Secondly, consult an educated Realtor, an Attorney and a CPA...my advise, try to avoid the internet. The information on the internet can often be incorrect, outdated or just the opinion of the individual writing the article. Also, to see if you qualify with any of the government programs, it is best to seek out individuals who are educated in this area and who are capable of walking you through the steps; also be aware, however, that just because you are eligible in the initial phases of the program, does not mean that you will be successful at the end...while the government is trying to make homeownership programs available, there are still many 'bugs' in the system that need to be fixed.
And third, know that you are not alone. I realize I've said that already, but in talking to homeowners, it is a challenge that we often have to overcome. Many homeowners believe, and rightfully so, that they made a promise, signed a contract, and sink or swim, will hold up their end of the bargin. Homeownership is an American dream that is suffering right now and adding a 'sink or swim' thought process to the mix doesn't help. Homeownership should be and is attainable and it shouldn't be a 'cross to bear'; if you are struggling, please seek out advice from a reputable Realtor, someone with an education to back up what they say, and figure out what the best solution is for you....
Call or email me today and let me help you.