Myrna Eisenlauer

The Business Record ( Dec. 09) show that bankruptcy filings in the Southern District of Iowa have increased 20% from 2008 to 2009. In Polk county there were 944 bankruptcies filed in 2006. In Dec. of 09, 1,862 were filed in Polk County.
The website realtytrac says there were 7,284 new foreclosure filings in 2009.
These are startling statistics. But as Winston Churchill has been quoted - A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty. We need to put on the rose-colored glasses and identify the opportunities. Mortgage companies and banks do NOT want to be landlords. These properties will get sold. Could one of them be your dream house? It might be a good time to investigate. You could qualify for an $8,000 or $6,500 tax credit. You could get a new mortgage with still low interest rates. You could shorten your mortgage to 15 years and gain equity quicker.
If you are in one of these dire situations, don't hide your head in the sand. Talk to professionals and see what solutions are available. Repeat, mortgage companies do NOT want to be landlords. Short sales can be worked out, deed in leau of foreclosure, loans retructured. Lets look for the Opportunities.
Whatever your situation is, The Eisenlauer Team is ready to assist. Give either Bill (770-2455) or Bob (979-2883) a call.

• All Real Estate is Local
• Average sale price in Des Moines area declined less than 1% in 2008.
• Interest rates remain at historical lows.
• First Time Home Buyer programs available to those who qualify.
• Forbes magazine picked Des Moines as one of the "Top 10 Places to Live" in 2008.
• Weather has a huge influence on our local market: heavy rains, hail, floods, severe winter temps.
• More homes available, buyers are looking at more homes - increasing number of days on the market (86 to 98).
• FHA has been playing a larger role in the mortgage market.
• Des Moines Metro market still has good buys, good interest rates, and good selection.
• The Eisenlauer Team, your local experts are ready to help you with your real estate needs.

Bill Eisenlauer 515-770-2455 Bob Eisenlauer 515-979-2883

Re/Max Real Estate Group www.EisenlauerTeam.com

Infomation from Des Moines Area Association of Realtors