Director North Carolina Operations
BIC / CFA / CSSA
Bastille Real Estate
Foreclosure Avoidance Consultants
3611 Mt Holly-Huntersville RD Ste 204-310
Charlotte NC 28216
704.975.7616 | 888.807.4848 ext. 505 | Fax 866.662.3929
We are sorry the you find yourself in this distressing situation.....because this is so wide spread and so many people our lives touch daily are dealing with it, I've given this subject great consideration and have some thoughts to share.
As I see it, the dilemma we find ourselves in the midst of is a direct result of three issues: dreams, greed, and the watchman.
We teach our children the it's important to dream, have goals, and aspire to always do your best. This transulated into the housing market found people, including myself, reaching out for a goal the was really beyond our means and yet still obtainable.....this was a wonderful fulfillment of personal dreams in the beginning but a disaster in the end.
The "American Dream" was at its peak when greed entered the picture and the banking industry began qualifying people for loans that should never have been approved. Over and over by the tens of thousands people were provided with resources that far exceeded their means. The entire banking system participated in "preditory lending practices" a term that banks will likely never accept.
As money was being dolled out almost as fast as it could be printed someone should have been paying attention to all of this. The "watchman" let down their guard and it has cost the American public dearly....in ways that cannot yet imagine.
Thus, we are left to deal with a sad tale that should never have existed. We are left with our dreams that will hopefully be the guiding light that gets us through this horrible mistake.
To the future,
Now is the time for We the People to stick together, throw out the blame list and take action in our own lives and in helping others. Even if it's a small start like giving some old clothes or couple cans of food to someone who needs it. Little things mean alot as was true in the Great Depression.
We don't believe it's as bad as back then but we're close and currently pulling out of this bad sisuation.
If you hang in there and work towards rebuilding your credit such as getting a fingerhut account which generally will give you credit without a credit check and pay on time and alittle extra then little by little along with another form of credit you'll start to regain your credit score. Save what you can if any. If you can get a job and hold on for about 2 yrs of renting, building your credit and saving what you can, you may be able to buy a home again.
They say it takes 2 yrs to go really broke and down and out and 2 more years to be back on top of things with buying power.
By saying they we know first hand of this and so many that we know are living proof of it. So hang in there
things will get better.
All the Best
Dave & Lisa