Beltran Properties

The Market, the Economy, the Banks, and the future.

This newsletter is early, but the current events and potential changes warrants comment.

All eyes are on the new President and what is in store. Popular opinion is that the previous President did little to nothing for us, but we must remember a few key issues. There have not been any attempted acts of terror on U.S. soil since 9-11. That in itself is relief beyond measure.  Our credit issues: this was brought on by a prior administration, namely Clinton. He enacted a policy that allowed less than qualified borrowers get home loans. Then the financial institutions saw loopholes and it snowballed into what we have today. 

If you are not already in a "situation" or soon to be, you are in a minority. There are so many rumors and ideas flowing around that it is hard to see the scams. There are now attorneys  that promise (and don't they always) that they can help you. Be advised, there are more attorneys in the U.S. then there are M.D.s. You want proof? Just check out the yellow pages and see how thick the listings are compared to the M.D.s. These people need to create work and are very clever about it. But do not get me wrong, it appears that the lending institution is giving the individual borrowers the deaf ear. They appear to be helping, but have been known to just stall. There are debt consultants that can give good advice and try to mediate on your behalf, but the circle seems to be closing and you may need the clout of an attorney. All I am advising is to ask questions. Any professional in the industry that you have known can help. They are probably in the same situation and have had advise given to them. 

We are in for the ride of the century, with hope and promise in our favor. Keep an open mind and occasionally check out the political cartoons. They can seem to put all the hype in prospective, and give you a smile to boot.