Barry Noble's Blog

If you have a mortgage that's anywhere up to 30% higher than the estimated Current Market Value, (accurate, from a local appraiser or Real estate Agent's estimate), for Heaven's sake don't rush into short selling or walking away from the home and losing it to foreclosure - destroying your credit for many years.

REMEMBER the real estate Market is CYCLICAL and we are in the bottom of the Value Curve, and will be going up again soon. 

As in all other cycles, barring a natural disaster, the Market Values have always curved back up and they'll rise higher than the last high values or (this time) 2005/2006. 

HANG IN THERE - WORK OUT A FIXED RATE MORTGAGE IF YOU ARE STILL STUCK WITH AN ADJUSTABLE, KEEP THE PAYMENTS GOING AND WAIT OUT THE NEXT CYCLE UP TICK.

You won't be sorry - you'll save your credit, save your home and later be able to sell it for a moderate or higher increase in value (equity).

The Market is Cyclical - and we are about to go into the rise - don't be panicked by the Media or other negative news. It's just like the rush to sell gold jewelry.  The Gold dealers are making a killing paying 20 to 40% of the value of your gold jewelry - so they can resell it or melt it into new jewelry, and sell it at almost unbelievable super-profits, with gold over $1000/ounce and rising.  Don't also be fooled into that panic advertising. 

Questions - call or email me for one time response - no obligation. I'm here to help if you need an appraisal or offer my opinion or advice.

©2010 Barry Noble

bnoble@dc.rr.com

760 992-9523

Check my home page for other good advice and assistance.

http://www.MyPropertyIsWorth.com