Beltran Properties

The Informed Homeowner August 2010

Already 8 months into 2010. Properties are still moving if they are priced right. Banks are still slow on short sales. There seems to be less notices of trustee sales in the paper. Are there really less, or are the banks holding again??

When creditors talk to us they are always implying that we are living beyond our means. Not really, our means of a living went beyond us!

There are still unemployed, and non compensated unemployed( self employed, independant contractors). The end is not in sight, but it is improving. We see a light at the end of the tunnel, and we hope it is not a train.

I have had feed back on the mistreatment of lenders. Have you had any??

examples: tresspassing(cannot without written notice), breaking in and changing locks(again a no-no) giving verbal approvals on modifications and then foreclosing. (sad!!)

We all feel the "bailout" money went to the wrong place-banks. Even if the Feds gave every tax paying individual $500,000.00 to $1million, that would have cost lees than the bailout, and the money would have immediately gone back into the local economies. We see some effect of the bail out, but most of it is nowhere.

By the way, how are you doing??