• You own your own home free and clear.  You are in the most enviable position of all.
• You own your home and are making the payments on time.  The house is worth less than it was and maybe less than you paid for it.  You did what you were suppose to do and were affected by the great number of influences beyond your control.  It appears that irresponsible behavior is being rewarded and there is no help for you.  Hang in there you are still in good shape.
• You own a home and are slipping farther behind every month because of job loss or decreased income.  You may be eligible for a refinance or loan modification. Check here:  http://www.makinghomeaffordable.gov/
• You thought you owned a home, but looks less likely as time passes and you slip farther behind in payments.  The lottery avenue isn’t working out too well. Check the previous link to see if you qualify, if not read previous post “Foreclosure verses Short Sale” and decide what works for you.
• Had to take a job out of the area and leave your home.  Can’t sell your home for enough to pay off the loan.  Refer to previous post “Foreclosure verses Short Sale”
• You have passed the point of no return and are losing your home.  Having the bank seize your home is nobody’s idea of a good time.  The effect is devastating on your credit, your family and self-esteem.  How do you get out of this mess?  The same way you eat an elephant, one bite at a time, and a positive attitude, you will get back on track.
• You don’t own a home……..it’s a great time to purchase.  It may appear that you are taking advantage of the aforementioned owner’s bad luck, but you are also helping to get the market turned around and helping yourself to start building equity.  Call now!

Tags: Boise homes, Buy now, economic recovery

Posted on Wednesday, March 24th, 2010 at 3:50 pm and is filed under Housing Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.