AgentMortgage

Mortgage mission impossible

Mood of the Market
Published on Nov 9, 2009

I'm a big believer in possibility. In fact, I often sign off my correspondence with the Emily Dickinson quote, "Dwell in possibility." In life in general, I think too many people limit themselves and what they can accomplish by virtue of what's possible. So, it's counterintuitive for me to have to say, as I so often do these days, "That's not possible. It can't be done." The world of real estate, generally, is a world of possibility. The normal home sale or purchase is truly the tip of the iceberg in terms of the property types, uses and transaction structures that live in the realm of what is possible.However, when you're a regular homeowner with credit, property value or financial "issues" in today's market, major shrinkage occurs in the universe of what's possible for you in terms of what a mortgage lender will and won't extend in the way of financing. But no one wants to acknowledge this truth. Denial of this reality combined with an ins...

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