"Just Imagine..."

January 2, 2012


I just finished watching the 2012 Rose Parade and really enjoyed the many interpretations of this years theme "Just Imagine". I thought it might be interesting to "Just Imagine" some developments that could make 2012 a much better year for buyers, sellers and real estate professionals - maybe even for lenders and investors.


Just imagine that the financial world push the "reset" button and adjusted mortgages to fit the current decline in value of most homes. Loans for the homeowners who wish to stay in their homes could be modified to meet this current value. Sellers who wanted to sell, but who owe more than the mortgage could "short sell" in sixty to ninety days. Buyers could know that they could purchase a "short sale" property and not wait months and months to know if the lender would accept their offer.


Just imagine that after three plus years, lenders finally developed a workable process for dealing with mortgages that no longer produce income for the lender/investor and begin to receive regular payments on the newly adjusted mortgage balance.


Just imagine that rather than giving lending institutions monies to use as they see fit, the institutions apply the funds to help all their "underwater" borrowers.


Just imagine that the year 2012 will see folks regaining a sense of responsibility that translate into a stable economic environment.


I could imagine much. I hope some of my imaginings come to fruition.