Barry Noble's Blog

After a short but seemingly long and painful 5 weeks, and sporting a new "bionic" knee - I am back ! 

I won't complain or elaborate on the medical screw up a year ago, that caused me to need the new knee - just suffice to say, the new doctor who made good on the other's poor work,  was terrific, the hospital stay was unbelievably short but of top quality care and treatment, and I am back at my keyboard and raring to go. Now I know what it would feel like to give birth through one's knee cap.

All I had been predicting for over two years now has come to pass - the foreclosures continue to add up and the worst is not yet at hand - but this too is cyclical - just made worse by lending practices gone sadly awry and the mistaken belief that real estate values will always just rise, rise, rise.

Now we just have to work towards making lemonade out of the myriads of lemons falling around town and I will be making some humble suggestions over the next few weeks.

Meantime, If you currently have a comfortable "teaser " rate still, on the loan to purchase your home -executed in the past 1 to 5 years, and it is about to revert to an adjustable - if you haven't already contacted your lender to negotiate a fixed rate - you are playing with fire. For those who already see their mortgage owed as higher than the Current Market Value of comparable houses around - this is not necessarily the end of the road - and a time to dump the property and run.  The key word for home values is CYCLICAL. What goes up comes down, but what comes down, usually goes up higher than the last high point, on the next cycle up. Contact me if you want to discuss it, find out what your home's Current Market Value is now or get another opinion before you make any big moves or mistakes.

Barry Noble

760 992 9523

barry@fastappraisalvalue.com