Shortsalenurse's HAFA Blog

December 23, 2009

The Good the Bad and the Ugly


When I saw this movie the first time,  I was a kid seated in a hospital theater on Camp Pendleton.  I was  just mesmerized by Clint Eastwood and the music of Hugo Montenegro. I did not know that the movie title would become a cliche for business news related to mortgages some 43 years later,  but it has. 

Today in an AP news article Yahoo announced that home sales were up and the recession was recovering, that was good news.  But then the L.A. Times went and ruined the positive news with word that  12.5 percent of mortgages were not paying  and the currently defaulting loans are prime loans not subprime.  That was not only  bad but  ugly news no one wants to hear.

I got word from a client that Bank of America had set up information on their web site about doing a “Short Sale” .  This reminded me at the end of the movie.  The “Good” came out on top.   And we are going to come out on top of this situation also.  These are rough times for all of us, but we will survive by working together because that is what communities do.   We help our neighbors and we care.  If you looking to do a “Short Sale” instead of being foreclosed upon please call us we can aid you determine your best path.

If your looking for a good lender,  one of my favorites is Sally Soto also from Bank of America in the La Mesa Mortgage Center.   She is not only very knowledgeable she is a prior Real Estate agent,  fluent in Spanish.  If you have any question about loans or need a contact at Bank of America she is always happy to help. 619-337-3409  – sally.soto@bankofamerica.com

This article was written by George Kenner, Broker Associate Lic. 01229951

All marketing done with the Assistance of Kalabash Marketing

“Good Night Mrs. Kalabash where ever you are.”

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