When Unfortunate Events Happen In Your Own Neighborhood

By
Real Estate Agent with HomeTrust Real Estate, LLC, Homes for Everyone 780403182

When Unfortunate Events Happen In Your Own Neighborhood

We live in a very nice and fairly quiet neighborhood that began building out in 1991.  It was carved out of orchards and homes were built in phases as they are with pretty much all developments. 
 
Our school district is very desired and ranked as one of the highest in the state, with nice schools and good sports teams.  The Median Household Income Demographics for my neighborhood according to zip code ranges from $67,000 to 72,000. We are in the 85% percentile nationally and 93% percentile state wide.
 
Our town of Wilsonville, has good businesses, friendly people and frankly people who care about their city, it is on the smaller side, 19,509 in the census year of 2010.  We are ever growing and working to make sure our city is the best it can be.

Crystal Ball Into The Future
 
 
I have read in Realty Trac of many homeowners receiving Notice of Defaults, and actually have watched the process as they lose their homes to whatever the circumstances may be.  My heart goes out to them, regardless of facts or how they obtained their home.  I don't care what their process was. 
 
I think so many people were lured into obtaining loans that were actually beyond what they may have been qualified for, and did not/could not foresee and/or perhaps were not warned of what the possibilities were if the market burst, especially in the excitement of purchasing a new home.  Who would have thought at that time, not many.

Many people because of the economy, downsizing of companies, rising costs of utilities, rising cost of food, gas, clothing, losing their jobs, have been hard pressed to find new employment that would sustain their life style, regardless of what it was or is. 
 
It is scary to say the least to not know what will happen to your family if they take your home because you no longer have the means to pay for it, or if you lose your job and not much money coming in. What then?

People are told so many things, like just stop paying your mortgage, stay until they kick you out, whatever the rhetoric may be, easily said and not so easy to live.  In my county alone, according to  Realty Trac, one in every 645 housing units received a foreclosure filing in December 2011.  It may not sound like a lot, but in our area it is.  On my street in the last year we have had three short sales/foreclosures and several NODs.
 
 
 
Moving PodsAcross and up the side street from me is an example of what happens when circumstances change and you lose control for many unforeseen reasons. Loss of job, not being able to find a job, whatever. 
 
 
The owners of this house have struggled since 2009 to hold on, being able to pull out sometimes and I guess this time they just could not. 
 
I drove past Saturday and saw the moving trucks and a pod, without a doubt it puts reality in your face on what is happening for so many people.  It is sad as I look out my kitchen window and see that storage pod, and I hate what has happened for this family regardless of their circumstances, what they have been or what they currently may be.  
 
I am not privy to that information nor do I want to be, I just know it is happening so much more frequently to all income levels, I just think it is a sad state of affairs for our country and is very unfortunate


             When Unfortunate Events Happen In Your Own Neighborhood






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Comments (18)

Carolyn Roland-Historic Homes For Sale In Delaware and S. Chester County PA
Patterson-Schwartz Real Estate - Wilmington, DE
Carolyn Roland, GRI, CRS

Mary--When you are not dealing in an abstract neighborhood, but your own, it must be very chilling!

Jan 16, 2012 05:51 AM
Mary Stewart
HomeTrust Real Estate, LLC, Homes for Everyone - Wilsonville, OR
Wilsonville and Surrounding Portland Metro Areas

Carolyn, it really is chilling when you realize how many people are vulnerable, especially when there are children involved and they are ones you have seen around for years.  Thank you so much for commenting.

Jan 16, 2012 05:57 AM
Paul Campbell Realtor Lexington
Rector Hayden, Lexington, Ky - Lexington, KY
Kentucky Homes for Sale

Mary - I raised my children in Woodinville Washington.  We used to drive through Wilsonville on occasion as we went to visit friends in Oregon or on our way to the coast.  It is unfortunate but even "stable" neighborhoods like yours are being affected by the economy.  We realtors can help if people will let us help.  Too many times people with depressed property are in such a funk they cannot function rationally to help themselves.

Jan 16, 2012 06:05 AM
Susan Harding, HomeStar Video Tours
Portland, OR
Showcasing You and Your Listings, 855-579-6284

Mary - numbers by themselves are so abstract, but when you see the home, or the families - it all hits home.  I know I have good friends who are capable, smart, tremendously experienced in their profession and yet, have been looking for over a year and have not found work.  I won't get into politics - but what's happening now for our "economic recovery" is not working.

Jan 16, 2012 06:08 AM
Mary Stewart
HomeTrust Real Estate, LLC, Homes for Everyone - Wilsonville, OR
Wilsonville and Surrounding Portland Metro Areas

Paul you are correct, plus when they are neighbors the embarrassment is fairly high and they don't often acknowledge that they are in distress.    I don't think anyone is immune any longer.

Jan 16, 2012 06:32 AM
Mary Stewart
HomeTrust Real Estate, LLC, Homes for Everyone - Wilsonville, OR
Wilsonville and Surrounding Portland Metro Areas

Susan, wow are you ever on the money.  It does hit home, I have seen it up close and it can devastate families.  You are correct when you say our "economic recovery" is not working nor will it until there are many changes. Guess we should not hold our breath.  Have a beautiful day.

Jan 16, 2012 06:34 AM
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Mary - There is a human side to the housing crisis that is staggering in its consequences to the lives of the people it affects. Thanks for reminding us of this.

Jan 16, 2012 06:45 AM
Karen Hurst
RICOASTALLIVING.COM - Warwick, RI
Rhode Island Waterfront!

Hi Mary,

 I wrote a blog called "evicted" a few years ago that was similar (in my mind, anyway:) to the sentiments you have expressed in this one.  I am on the opposite Coast from you and one could make the point that things have traveled in 5 years like Dominoes!

The whole thing has been extremely depressing.   What I keep trying to do is put the picture in my head of a burnt out forest that has the prettiest, strongest and new growth just because the rest is gone and it now starts all over.

To the "spring of reccovery"!

Jan 16, 2012 07:03 AM
Toni Weidman
Sailwinds Realty - Trinity, FL
20+ Years Selling Homes in New Port Richey, FL

It is extremely sad, Mary. I'm always talking to someone (sometimes someone I've known for years) about them losing their home and I walk away wondering how we let this happen, and why we aren't able to do something about it. A sad situation. I watch small businesses failing too--very sad.

Jan 17, 2012 12:06 AM
Toni Weidman
Sailwinds Realty - Trinity, FL
20+ Years Selling Homes in New Port Richey, FL

Suggested

Jan 17, 2012 12:07 AM
Mary Stewart
HomeTrust Real Estate, LLC, Homes for Everyone - Wilsonville, OR
Wilsonville and Surrounding Portland Metro Areas

Good Morning Dick,

Unfortunately I hear too often others berate people for having "gotten themselves" into situations and all is their fault and on and on.  Truth be known most people I believe, went into transactions with excitement believing they were alright with their decision.  Who knows what the future may bring and some perhaps are a little more adept at saving for the future than others.  I believe there is a very human side to all of this and a good share of it is tragic.

Jan 17, 2012 03:47 AM
Mary Stewart
HomeTrust Real Estate, LLC, Homes for Everyone - Wilsonville, OR
Wilsonville and Surrounding Portland Metro Areas

Karen I love what your thoughts are.  I did not read your post "Evicted" but I am going to go find it.  I do think that the housing crisis has traveled across country and knows no limits. Oregon has really been hit, just a little later than you.  I love your analogy of the burnt out forest with all of the new growth, and when I think of it I think you are right on.  We will recover and prosperity will become normal (if there really is a normal) again.  It all takes time and I sincerely pray that our Country as a whole is recognizing this lesson, as it relates to more than housing, and good changes take place.  It will not be easy I fear, yet we will recover in a good way.  I believe this.

Yes here is to "The Spring of Recovery".

Jan 17, 2012 03:56 AM
Mary Stewart
HomeTrust Real Estate, LLC, Homes for Everyone - Wilsonville, OR
Wilsonville and Surrounding Portland Metro Areas

Good Morning Toni,

First thank you so much for the suggestion.  I see it to be very sad and I have watched many, like you, fall into the category of losing their homes.  It can devastate families and I have seen this as well.  Some very very close to me, it makes me want to cry.  How we got this way I am not totally sure either and I believe it is very complex.  Economics are so  complicated and I don't think the solution will come in a fast and furious way.  We have had many businesses fail here too, some small and some large it does not seem to matter.  Time takes care of all they say, yet in the meantime here we are.  Thank you again, Toni.

Jan 17, 2012 04:07 AM
Mary Stewart
HomeTrust Real Estate, LLC, Homes for Everyone - Wilsonville, OR
Wilsonville and Surrounding Portland Metro Areas

Karen I did go back and find your post and the experience you had. OMGosh that had to be very difficult. I have not had that experience and frankly do not want one similar. When children are involved I get a little emotional.  Not supposed to are we when we deal with BPOs and some of the banks. This is one reason, I do not list shortsales.  Thanks again Karen.

Jan 17, 2012 04:16 AM
Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

Mary, we moved last year. The neighborhood we moved from had been very stable and we had lived there for 13 years. In the 2 years prior to us moving the house behind us, the one next to us and one across the street all went back to the bank. It was terrible. I agree. Who cares what the circumstances are. People are losing thier homes.

Jan 17, 2012 08:43 AM
Mary Stewart
HomeTrust Real Estate, LLC, Homes for Everyone - Wilsonville, OR
Wilsonville and Surrounding Portland Metro Areas

Good Morning Connie,

How sad for your neighborhood, hopefully the people who purchased those houses (if they have been purchased) are stable and they help to add to the neighborhood.  It is really sad in my opinion this is happening to so many people, and feels so out of control.

 

Jan 18, 2012 03:14 AM
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Hi Mary,

 You have such a good heart. I think that this crisis represents one of the saddest times in "at least" my history. Yes, there are people and dreams misplaced with every short sale and foreclosure. I don't judge, one never knows...

Jan 18, 2012 05:55 AM
Mary Stewart
HomeTrust Real Estate, LLC, Homes for Everyone - Wilsonville, OR
Wilsonville and Surrounding Portland Metro Areas

You are so right Debb, who are we to judge others especially when we do not know the intimate details and even if we did who are we to judge.  I am very sure the people involved in all of the misplaced dreams have judged themselves in a harsher way that we could ever know.  Very sad indeed.

Jan 19, 2012 02:29 AM

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