Let's try and tell The Rest of The Story!

I keep hearing that foreclosures are all an all time high. And some of it is because in the past few years more people than ever before were give the opportunity to own a home - even with no money down. We don't hear about all the people that were given that opportunity and are making their payments and are homeowners because of the opportunity they were given. We hear about the ones that didn't make their payments and are losing their homes.

The other morning on television they were talking about these poor people that lost their home to foreclosure. These details may be a little off, but it went something like this: They bought a house for $250,000, no money down. They refinanced it for $370,000. They got behind on their payments and were foreclosed on. They stripped the house & left it a mess. The anchors sounded like they felt sorry for these poor people that had lost their home. I couldn't help thinking these poor people pulled $120,000 out of their home and made more money than I did last year!

I wish we could get more stories about the people that were given an opportunity to buy homes, even with no money down, are making their payments and are now home owners. I guess that doesn't make a very interesting story on the morning news or in the newspaper.

I would challenge all of you to try to get your local real estate reporter to report on some of these success stories. We live in a great country with a lot of great stories. I think it would be wonderful if we could get that story told by the media. If you have had a buyers in the past few years that were able to buy a home using any low or no money down program, and are now successful home owners send their story to your local paper, call the local TV programs. Try to get a few together. As Paul Harvey would say, Let's see if we can get the media to show the "rest of the story."