Jeanean Gendron, Your Shasta County Real Estate Specialist: Opportunity - Be an Opportunist NOT a Harbinger of Doom - Advice for Sellers Facing Hardship!

This is rather a sobering post. It seems that I have been writing a number of sobering posts and re-blogging same.

See the Glass half Full and not half Empty. That phrase has power. I read a post the other day by Holly Lynch that was provocative. I believe that the post is spot on. We have hard times coming and it is best to prepare. This was really the jest of the post, however the author has a very persuasive writing style. I believe she wrote an exceptional post. Her post was directed at Realtors. My post is directed to the Consumer.

So let's see the Glass half Empty and explore that premise.

• We have the Commercial Sector in trouble with foreclosures and more to come. It has the potential to hurt our local banks and even the big banks.
• We will see a wave of foreclosures hit the market soon. The word is they have been held off the market to provide an appearance of government incentive and programs preventing foreclosures.
• We have the 5-year option arms coming. More short sales and foreclosures in the higher price brackets.
• The banks may have more incentive to foreclose due to the nature of how they write off foreclosures versus short sales. The short sales and loan modifications that are done are of a token nature and only a small percentage of the help that was promised but not delivered.
• The Indymac buyout by the FDIC and the One West Bank purchase of the Indymac products astounds those of us holding out with belief in our government to help Sellers in Hardship. The scarest part of this point is that it appears to have been a premeditated plan to swindle people out of their homes and then go after them with deficiency judgments for the loss. Please follow the links on this story....it is only a point made here, however it has huge implications and ramifications.
• Banks are not lending. All that TARP money has gone nowhere. Well, that is not quite true. It appears that the banks are just managing to give back to the government in yet another scheme of "bait and switch". Not only are banks not lending from the funds handed out with the Bailouts, they are not lending on the money the Consumer puts in their accounts. THE FLOW OF MONEY INTO THE ECONOMIC MARKET HAS STOPPED! Loans now take 60-90 days and longer for FHA, USDA and getting a land loan....forget it. Second home...no way!

Now, the Glass half Full and how can we see opportunity.

• Prepare to lose your Home. Have a Plan B. If you are up against Indymac, you may not have a chance and you should research and learn all you can about what they are doing.
• Research your bank and find out where they are on the list of bad banks.
• Save your money. Downsize and prepare.
• Think about where your money should be. The big banks are not providing you any value. Withdraw your money and talk to your local banks. See who took TARP money and who did not. You will find that many of the local banks did not take TARP money. They simply are not in on the deal with the Big Guys.
• Don't buy a new car.
• Don't buy that new flat screen TV.
• Prepare for the big banks to fail.
• Prepare for the currency to change.
• Prepare for national disasters.
• Prepare for 1 month (or more...do research) of food and water and temporary shelter.
  
• Have things that you can barter.
• Get out on the Internet and READ, READ, READ and READ! It is out there. What is going on is out there.
• Visit the Project Camelot website and learn what is happening. Here is a link that is long but will provide you with an idea of what may be coming.
• Get prepared.

So in summary, we can see the Glass half Full when we are prepared for what may come. Letting go of the habits of Consumerism that are killing our planet and withdrawing support of a government bent on breaking the working back of America, provides a power they cannot deal with. It changes the balance of power and helps to sustain the individual. Take action today and begin to prepare to live a sustainable and renewable life. When we depend on the government, we are trapped.

Each day, I take action to take my life back. I am doing all of the above and I encourage you to do the same. I believe in Freedom not slavery.

If you are in hardship and need help, please read my blogs and learn about your options. Talk to an attorney to know your rights and options and seek counsel from a financial advisor. I do recommend that you own your own opinion and perspective and that you gather information from many sources. You are in a fight for survival. I wish you the best of luck. I work hard to provide good information for people that they may make the best informed decisions possible. Get prepared! I will help you if I can. If I can help just one person each day through hardship to knowing and making good decisions for their future, then I am doing a good job as a Realtor and I am helping to stabilize this current real estate market.

I am Jeanean Gendron, your Redding and Shasta County Specialist. I can be reached at 530 276-7417.

I answer my phone.