Government Bailout

My phone is as busy as ever and it seems the most common question I’m hearing lately is “how does the government bailout help me”.  Well, here’s my answer: I don’t know, and honestly, it’s anybody’s guess at this point.

Here are things my team is fairly certain of:

  • Once you’ve been foreclosed on, since you don’t own the house any longer, there will be no options available to you to keep your house.  Of course a short sale will still be an option.
  • If this program is like the many that have been rolled out before, only a small percentage of homeowners will qualify.
  • I for one don’t make my financial decisions based on promises from the government as I really don’t want my financial future in their hands.

It’s going to take a while before we hear how this is going to impact homeowners.  Even though it seems like there should be enough money out there now to help every homeowner, there isn’t.  My best advice at this time is to act like that option isn’t even available yet, since it isn’t.

Of course when my team figures out exactly how the program will be implemented, we’ll be sharing that information with you right here on this BLOG.  If you haven’t yet, you can subscribe to future posts so you can stay in the loop.

Emily

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