Kris & Kim Darney

To all the "Moral Police"....there are real people behind these short sales and foreclosures. The example given by Teresa is not uncommon, in fact it's alarming to me that so many people would frown or look down on someone that used their brain and took a realistic approach on managing through a bad situation. We have spent the last several years helping people not lose everything...just to "Do the Right Thing". It's really a shame that the last 4 years has wiped him out both financially and mentally. I truly hope that those of you that are "Moral Police" and judge those for taking action to better their situation NEVER need a life raft. You may find yourself regretting your very words, just as Mr. Courson, Chief Executive of the Mortgage Bankers Association. In an interview last year stated "underwater" borrowers should continue to pay their loans if they can afford to do so. Coincidentally, this year he made the decision to sell their corporate headquarters for MUCH less than was owed on it....Short Sale? A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort. Best,

"Liar, Liar Pant's on Fire!" I am not surprised by this response from CAR. I am not a member of CAR for this very reason. CAR has been touting this resurgence of home prices every chance they get. Their lockstep with NAR that is currently running a television ad boasting increased home values. This may be true for Indiana, but what about CA, NY, AZ, FL...where most of the US population resides? What CAR is failing to do is act ethically. Their predictions are poor attempts to spin reality. What CAR needs to do is tell the truth. Shadow inventory of homes held by dishonest banks is enough to lay this CAR spin to rest. Expectations of Shadow inventory top 7,000,000 nationwide. Approximately 1/3 of these are in California. If they hit the market tomorrow, today's $450,000 homes would be selling for $50,000 or less. In San Bernardino County alone there are approximately 150 notices of defaults (nod's) hitting the market every day or 39,000+ this year alone. These numbers are staggering. CAR's "mumbo jumbo" card tricks can't hide that reality. I predict that home prices will drop another 15 to 20% over the next year. This is real based on the amount of inventory available on the MLS today. In most cases, the lower priced homes are selling...but the homes $450,000+ are sitting. The inventory is growing for these homes...daily. In many areas of California, their are 2 years...24 months of housing inventory in MLS listed as ACTIVE...no offers. CAR. step up and do the right thing and be honest. Kris Darney DRE#01464957