I understand….no, actually, I really DON’T understand the problem or the incredible complexity of the situation with banks vs the homeowners being forced into foreclosure. I do know there’s no ONE person or institution or profession to blame. And, I know this is definitely affecting the property values and the ability to sell for Portland, Oregon homeowners. The banks averted their eyes and allowed many people who, plainly and simply, were not qualified to receive the financing the lending institutions allowed. There were plenty of mortgage brokers and real estate brokers who participated in this fantasy. There were some buyers who did not take personal responsibility for own financial well-being. There were some buyers who were fraudulently mislead. All of this is a part of the whole truth. I have to say that I didn’t personally witness much of it in my business. But, all I know is that the fall-out affects everyone, whether you live in Portland or elsewhere. As goes the housing market, goes the rest of the economy. So, without some relief for homeowners, there will be little relief for the rest of the economic market. I was dismayed to see that legislation that would have allowed bankruptcy judges to modify mortgages died in the Senate last week, handing the Obama administration a significant defeat in its plans to mitigate the foreclosure crisis. I know there has to be some middle ground. See this article from the Business Digest of the online Washington Post:  http://bit.ly/HPvEc

About the Author | Janeese Jackson

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My job is service...service to you and your real estate transactions! How can you benefit from my 20 years of experience and expertise? What can I offer to make the process more productive? * Current information on available housing...comparative and competitive market pricing and analysis * Daily involvement in the local real estate marketplace * Thorough, comprehensive knowledge reflecting years of helping others complete their real estate business * Extensive network of professional resources to make the process as smooth as possible My commitment is to you! Being available to you...returning your calls...answering your questions...addressing your concerns...respecting your money...matching your timeline...meeting your expectations...helping accomplish your real estate goals!!