Real Estate Revelations

Revolutions, revelations, revaluations! Oh my! It's the three R's of real estate and what they brought us this time wasn't good....but the bad times are almost behind us and it's time to look to the future.

The revolution took us by storm from 2002 to 2007. A housing boom so exuberant it could not last. The revelation of that caused a crash that has affected the world economy. Now for the revaluations of all those properties and all the risk that the banks have assumed.

I am excited and yet, filled with some trepidation at the same time. My elation comes from knowing that the Credit Crisis of 2007-2008 is almost at an end. I feel a bottom and we are ready for a turn. However, my worry comes from knowing that there is at least one more shoes left to drop before it is all over.

Which shoe it is and is it a size 6 or a size 16? Who knows. With the recent revelations and revaluations at Fannie Mae and Freddie Mac, it could be the size 16 that drops. We can only hope the bears in the market are wrong and that a government bail-out of these two behemoths will not be necessary.

Regardless of what happens, real estate professionals need to be prepared. The time is coming when we will be able to break out of the doldrums of the past 20 months and begin to do what we do, rebuild blighted communities and make profits doing it!

Are you with me? Good, then let's get ready to go to work!

Michael Gross is the President of Dividend America Mortgage and has been in real estate for over 20 years. He has been a builder, a Realtor, an appraiser, and currently he is a lender and an active real estate investor. He uses all of his experience and knowledge to show individuals how to properly use a mortgage as a tool to help create greater wealth through real estate investing. For more information on residential and small commercial loans please call 770-350-7373 or email mgross@dividendamerica.com