Tuesday, June 2, 2009

Military Families Being Hit Hard by Current Housing Decline

I recently met a wonderful couple who have become clients of mine in the Short Sale process.

Unlike so many others out there, they did not buy more house than they could afford, nor did the main bread winner lose his job. Their only down fall came from being in the US Military.

The husband was going to retire from the military after more than 20 years, but because the job market in his field dried-up, he reenlisted.

Having just recently returned from another tour in Iraq, they are being transfered to yet another location outside of the United States.

Because they purchased their home after the 2007 cut off, they do not qualify for the military to purchase their home.

This couple has tried everything for trying to sell it themselves to trying to lease out the property & of course the ever popular loan modification. Every where they turn, doors have been shut. Thus we are now trying to sell the property in a Short Sale.

Thru their research, this is happening to military families all over the country. All branches and all ranks are being affected.

This is a travesty!

We ask these family to sacrifice so much already and now we are ruining their credit on top of everything else.

Barbara Whisenant
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