Thoughts from a Real Estate Yogi: Its only Temporary.
Updated: Aug 3, 2018
This idea comes up again and again. As it applies to real estate these days... How many of you have faced a foreclosure or bankruptcy in the past few years? What was the first thing you asked after you knew this legal process must occur?
Was it, "When can I qualify to buy a home again?" The answer may have been different a few years ago than it is today. You may have been told about three years. But, did you know in a bankruptcy situation if you claimed your house as your primary residence, the three year finance clock started ticking immediately upon the issuing of the final discharge order?
Did you also know there are lenders who have finally caught on to the idea, "if I don't lend to people who have been in these situations we will soon be out of clients"?
If i have a lender who can finance most people who found themselves in these circumstances as recently as yesterday! Yes, everything is temporary. So take some time to be grateful. Embrace the idea and start moving forward again, and remember...
Failure is only a fact when you give up.
Everyone gets knocked down.
The question is: Will you get back up?