Posts Tagged real estate market
Brooke got up Wednesday morning in a particularly good mood. She was going to show property all day to a couple who had just three weeks to buy, which meant they were serious and would probably make a quick decision. She had emailed them listings to consider in advance, and they had told her which ones they wanted to see. She had a List B, just in case none of those worked out.
She met them at Starbucks and reviewed the game plan for the day. After a real estate primer, they began the tour. Everywhere they went, Brooke saw other agents she knew and they hugged and wished each other Happy Mardi Gras. The feeling of community was palpable. They were all happy to be out and working again. It had been so slow for so long since the storm.
About six months ago, I posted the story of my friend, Alex, who was in danger of losing his home and car back to the bank because, as a self-employed small business owner in a slow-to-recover-from-Ike industry, he had been turned down for loan modification by both lenders.
Alex asked me to update you on his story, and says this is his last word on the subject.
Alex’s car was repossessed shortly after this story originally ran, and the mortgage company foreclosed in June. The car company sold the car at auction for $20,000 less than Alex owed on it, and the mortgage company is now marketing his former home at $100,000 less than Alex paid for it. Alex wants everyone to see how illogical the system is — when people struck by natural disaster who WANT to do the right thing and fulfill their financial obligations are met with immutable bureaucracies that refuse compromise only to make a significantly better deal, and take a bath, with the next guy. Alex would have been happy to work with both lenders at FULL VALUE if only they had agreed to restructure the debts.
Finally, Alex says he has moved on. It has been almost a year and he feels like he’s finally getting his daily life back under control — even if it is in a borrowed house and borrowed car. He’s grateful for everything he’s learned and can see the light ahead.
In March, he fell in love. That was the best gift of all.
Copyright © 2009 Alice Melott
Essays by this author can also be read by joining http://www.facebook.com/alicethewriter.
Last night I had dinner with a group of friends that included a 77-year old and her 25-year old grandson. The conversation turned to the relative merits of Facebook versus MySpace, and listening to the two generations talk in terms of acronyms and modern heiroglyphics (like smiley face icons), I found myself time-traveling back thirty years to a series of unforeseeable events — those that would notably shape the first half of my adult life.
I haven’t told this story before.
On Wednesday, September 10, 2008, I decided to cash in my birthday massage coupon – it being six months old already and all – and since we thought the third storm in a month was headed south of Galveston, I thought what the heck? And if it decided to come closer to us, we still had ‘til Friday to get out. We’re well rehearsed at this stuff, and I deserved an afternoon off.