Save My Real Estate Deal

Ok so the news hasn't been great. For a majority of Californians its been down right shocking. With the siezure of IndyMac Bank on 7/11/08 that followed a week of the mortgage giants FNMA and FHLMC getting hammered by investors, it almost seems the world as we know it has gone down the drain. 

Has the financial markets hit the ice berg and is going down the deep like the Titanic? That is one possible scenario that is being floated.

One thing to remember--the financial markets will always need to be adjusted. Some of the adjustments are minor while others are major. We are in a major adjustment and it will take time to get all of the adjustments ironed out.

As our credit markets go through a remodeling, as with any remodel, you need to tear down to rebuild. And a tear down will always reveal other faults that were unseen until the remodeling is under way. This is where we are today--in the middle of the remodel and we have now been informed that the work load is increasing because of unseen damage has come to light.