Losing a Home is More Than Just a Crazy Loan

In the past couple of months I am meeting more and more homeowners who are on the verge of foreclosure and it has nothing do with adjustable loans. These are people who are unable to make the payment on their 30-year-fixed mortgages. These are people who are finding themselves in tough times, many of which have lost their jobs and are unable to get new ones. Our economy is worse than the we think.

It is heartbreaking for a Realtor to see a client lose a home you represented them in buying. You remember that exciting day of handing them over the keys, never once thinking that they could lose that home in the future. But, now you end up trying to help them lessen the blow to their credit and offer to try to sell it before the bank takes it back. There really is no silver lining in losing your home. Just another of life's crappy lessons.

I'm really looking forward to our Sacramento Region getting out of this foreclosure mess and back to a nice stable housing market.