Casualties Of The Housing Market

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Source of Title Blog

Casualties Of The Housing Market
by Robert Franco | 2007/06/26 |

I received an e-mail from an Air Force wife expressing her fears and frustrations over the housing market. Her husband, a master sergeant, was relocated from Michigan to North Carolina. That is a routine occurrence for the many men and women who serve our country in the armed forces, and their families. Unfortunately, with the real estate market being on the low end of a cyclical change, homes just aren't as easy to sell as they used to be.

The master sergeant moved to North Carolina in July 2006 and his family remained behind to take care of selling the home. Around Christmas, the family decided to join him. The house, unfortunately, has not sold. Even listed below market value, they have had only two offers and they both fell through.

The family's savings is being depleted and they could be facing foreclosure or bankruptcy. Their situation with selling their home is not unique in today's market. However, their situation with the military compounds the situation dramatically.

I have recommended that she visit the Active Rain Web site. Active Rain is an online community of real estate professionals. Hopefully, she will be able to find a local Realtor that will take an active interest in helping the family with their unfortunate situation. I'm not sure that there is much anyone can do, but a local Realtor may be in the best position to offer guidance.

Robert A. Franco
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rfranco@sourceoftitle.com

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Source of Title Blog

Robert A. Franco The focus of this blog will be on sharing my thoughts and concerns related to the small title agents and abstractors. The industry has changed dramatically over the past ten years and I believe that we are just seeing the beginning. As the evolution continues, what will become of the many small independent title professionals who have long been the cornerstone of the industry?

Robert A. Franco
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