Interesting foreclosure article from The Wall Street Journal

6 11 2008

I ran across this article the other day and I thought it was interesting. Although our real estate market in San Angelo is in a whole lot better situation than other places in the country, we can still take some of the advice. Many homeowners in San Angelo have purchased their homes 0-2.25% down. The economy has slowed and some folks might have lost their jobs. It may seem that they are underwater on the biggest investment they have ever made. In reality however, time will cure. You have to continue to make that payment. Cut back on eating out. Take an extra job (gas prices have helped pizza delivery drivers – can you believe it is down to $1.93/gal.) If you have any questions about foreclosure, short sales or refinancing please contact me directly.

Have a great weekend!

Ryan Newlin

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