OBX Neighborhood

THE FORECLOSURE DEBATE IN DC

The reality of the foreclosure problem is hitting many here in the Outer Banks real estate market.  Little help seems to be forthcoming from our Legislature.  One of the writers for Realty Times is well known for his opinions on this subject, and I feel this one is well stated.   Although our foreclosure issues have, in many cases, been brought on by our "over spending" and "consumerism" and the lifestyle "we want to live," there are those who have been lead into this difficult path due to past lending practices.  This article speaks to the need to assist people who believe they have been misled. 

Frankly, the costs incurred by lenders and others in the disposition of foreclosures may be lessened if some help were available to folks who truly want to resolve the issues and keep their homes. 

Read the article by Peter G. Miller . . . . 

The "Fake" Foreclosure Debate in Washington.

LET YOUR VOICES BE HEARD!

There is no time like RIGHT NOW to start thinking about our choices in November.  We ALL want the current economic conditions to improve . . . most thinking "Hurry Up and Change Already!" -- kind of an Archie Bunker type of attitude. 

On the Outer Banks, as in most parts of the country, adjustment is a common word we hear as it relates to the Outer Banks real estate market.  Investment properties, building, real estate and development are a major backbone of our local economy.  Over evaluation, over leveraging, under saving, liberal spending and lifestyles have left us pretty much on par with the rest of the nation. 

Things are changing... They have changed! Our economy is beginning to point in a positive direction, or will be soon.  We continue through this adjustment period with our energies focused on doing the absolute best we can for our investor clients, local businesses, families and the communities we all share.  We need to know how our Presidential Candidates are positioned in their beliefs and policies -- we all have a duty to vote, and to make it an educated vote, in November.

Take a minute and read this article Where McCain and Obama Stand on Housing, prepared by a media arm of the National Association of Realtors.  It is a simple read and certainly one that will spark your interest in learning as much as possible as you approach your decision this Fall.