That's easy… those that stand to profit…
The U.S. housing crash has topped Great Depression levels, Florida's home prices continue a downward spiral, Florida is faced with the highest unemployment rate in the state's history, and Florida's housing supply far outweighs the demand, so who would have you believe that housing prices WILL come back?
Let's begin with Real Estate Agents, why, because they get nothing if there is no sale. Buyer's agents only get paid if their clients buy, Seller's agents only get paid if the property sells. Asking real estate agents about the housing market is like walking into a car dealership and asking the salesman if it would be a good day to buy a car.
Then there are the Government agencies like Fannie Mae, Freddie Mac, and the FHA, why would they want you to believe that housing prices WILL come back, because their existence and great big salaries depend on guaranteeing private mortgage loans with public money. Most people will borrow as much as they possibly can to buy a house. The existence of Fannie Mae and Freddie Mac just make it possible to borrow yet more money by pushing lending risk onto taxpayers, while benefitting themselves and bankers.
And of course the Banks, why would they want you to believe that housing prices WILL come back, for one thing their great big salaries and bonuses. They sold most of their loans to the government agencies Fannie Mae and Freddie Mac, and now use the FHA the same way. The conversion of low-quality housing debt into "high" quality government debt was the main support for the housing bubble. Fannie Mae and Freddie Mac already imploded, and the FHA is now on the edge. The other way for banks to dump their risk and make money has been the Wall Street market for private mortgage-backed securities, and we all know what happen there.
I could continue with why the Federal Government, appraisers, newspapers, mortgage brokers, etc., all would want you to believe that housing prices WILL come back, but I'm sure by now you get it.
The only people that would have you believe that Florida's housing prices are coming back is those that will profit from it.
Since the first week of the New Year I have seen a substantial increase in clients simply wanting to 'get out from under'. This indicates to me that Florida's homeowners, and real estate investors alike, have finally come to the realization that there is no end in sight.
It's now come down to nothing more than financial common sense.
Minimize your losses, stop the bleeding and get out while you still can and certainly before it's too late.
I said it before and I'll say it again and again;
STOP planning your future with the idea that somehow housing prices may come back in the next four, five or even seven years, it's not going to happen… not even a chance.
It's time to start accepting that deflated assets will not miraculously re-inflate themselves.
The sooner you accept it, the faster you will act, and move beyond the crisis so that you can start living life again.
Look I know one thing for sure, I may not be able to fix the world, but I certainly can help fix YOU!
Consulting with
an experienced attorney
is the first step to begin restoring the financial security of you and your family in the New Year.
What most people still don't get is that this remains a complex and difficult situation to be in, and having experienced legal representation is exactly what you need.
Whether you're in foreclosure or not, there isn't going to be a rapid change in Florida's housing market. I'm really not trying to scare people, but everyone needs to understand that Florida no longer has a housing market, and that's a real serious problem.
If you are one of the many individuals and families struggling to make mortgage payments, STOP TRUSTING YOUR BANK, and instead consider hiring an experienced debt relief and foreclosure defense attorney.
The Carman Law Firm can protect your rights, and get you the help you need. We will represent your best interest and handle all of the negotiations with your bank.
When you work with us, you will be working with a team who believes in bringing you all the information and skills we can. We consider it our duty to help you analyze your situation, and we will provide you with every detail to ensure you make the most informed decision. We can also assist you with settling your credit card debt for pennies on the dollar and provide active credit repair, helping your credit score rise as quickly as possible after a short sale or strategic default.
The Carman Law Firm can assist those in need of debt and mortgage relief. With many options available and trusted answers to questions that someone might have about regarding bankruptcy, credit card debt, short sales, loan modification, foreclosure and strategic default.
Begin protecting your family today; Call the Carman Law Firm
at 1-800-763-0775 or email us at info@carmanlegal.com, get answers you need and schedule an informative and free comprehensive consultation on how the Carman Law Firm can help you.