"Be courageous. I have seen many depressions in business. Always America has emerged from these stronger and more prosperous. Be brave as your fathers before you. Have faith! Go forward!"
~Thomas A. Edison, inventor
You do not need me to tell you that things have been a little rough in our economy as well as our local real estate market. People have lost jobs (this one I understand personally), had to take reductions in salary, and have lost years of their investments in the stock market. All of this has left people feeling uneasy about the future.
One of the tragedies of our current economic situation is that there are many home owners who are finding themselves facing foreclosure or potential foreclosure on their home. There are also many homeowners who are not able to afford their home payments due to a variety of causes or who cannot sell because they owe more money than what homes are currently selling for. The chart below shows the average sell prices of homes over the past few years by region.
Trying to find assistance that is reliable can be difficult and confusing. The truth is that there are options and there is help available for many homeowners who find themselves in a bad situation. As an expert who has helped many families in this situation, I can provide assistance and hope. If you know of anyone who may be facing foreclosure or who is struggling with making their monthly house payment, please have them log onto my website www.ShortSellStLouis.com or give me a call. There is help available and it can make a significant difference if they get the straight scoop in regards to their options.
On the bright side, the government is putting a lot of weight into the housing market being the catalyst for economic recovery. With that being said there are laws being passed to help homeowners, the “American Recovery and Reinvestment Act” and the “Homeowner Affordability and Stability Plan”, should provide some assistance during this time. As Dave Ramsey says, “In times like these, you can have fear or hope.” I choose hope.