Who do you believe…lies and misconceptions

I don’t live under a rock and I’m no dummy either. I’ve got my ear to the ground and just like you I am tripping about the state of the economy…our economic crisis.  It’s everywhere. You can’t get away from it. If your next door cube buddy isn’t talking about the economy its blaring on the TV at your gym.  It’s time to tune out an tune off!

Last night I woke up in a sweat at 2AM no less. Worried. Worried about money. Worried about business. Worried about paying the bills. Worried about keeping a roof over our own heads. We’re approaching the cold season and I stand here on this “frigid” 79 degree day in California. I say to my son, ”No heat in the winter!” Who has heat? Who turns on the hear? Who can afford heat? As I was pulling out the hot water bottles and thick robes I hear Alexis McGee from Foreclosures.com talk about the current economy as it relates to real estate and I pick up on some interesting stats which gives me more of a “glass half full” perception of what is going on.  Take a look at the stats:

The Great Depression - 1929 The Economy 2008

Jobless rate 25%  (Historic 2.3%)
GDP -25% Positive YTD Q1 .9%…Est Q4 -0.6%
Consumer Prices -30%
Mortgage Delinquencies 40%
9,000 Banks failed

We are no where close to those statistics but when you watch your stocks plummet, your 401(k) go down the drain, can’t find a job or you’ve just been laid off AND you don’t have 6 months worth of savings in the bank…what do you do?  More and more women are finding creative ways to generate an income.  Many of the women that we’ve interviewed are doing it through real estate…inspite of the market and inspite of the naysayers. These women are building their empires one house or project at a time.

It gives me some solace knowing that its no where near comprable to the Great Depression. Its all about perspective no? But as a mom, single woman, home owner, realtor and entreprenuer I’m nervous.  Business is slim and the business that does come in has you jumping over landmines.  I can see the trees through the forest and know that better times are to come..at least that is what I’m telling myself and I try and invoke positive feelings to change my vibrational meter.  I also keep going back to the big plan, my vision…where I see myself and what my ultimate goal is.

The past couple of interviews that I’ve (Tara-Nicholle Nelson, Tamera Aragon and Michelle Burgad) leave me inspired. They ARE finding ways to make money in this market so make sure to check out the Interview page and hear first hand what women are doing.

This week I’ve decided to give in and let go I want to see what amazing events will start to happen.

Short Sale Update

The update on the going drama with Jack, Jack Ass (aka Wicked Witch of the West) is that Buyer #1 dropped out after the negotiator accepted their offer, I scrambled to get Buyer #2 into place. Buyer #2 has been hanging in for the past 45+ days and are excited to finally move forward. 

We’ve been waiting for the past 2 days for confirmation of acceptance. Yesterday afternoon we were told that they didn’t have the estimated HUD-1 and could we send it over asap? <heavy sigh>

They must be using the paperwork in the files as toilet paper. That’s all I can think of. How can one person lose so many peices to the file? I’m being tested and its a battle of wills.

So…this morning at 5:45AM, as I am whistling “Follow the Yellow Brick Road” I bribe my son with a donut if he would accompany me to the office to copy the nintieth copy of this document off.

As for the 2nd and 3rd escrows that I’ve been coddling along…they are at a standstill. We simply need written approval for one of them. We’ve received verbal but in my book and considering the market we are in that’s not good enough…put it in writing so I can slam it home.  The 2nd one needs the lenders payoff demand. We’ve been calling for well over a week now, still nothing.  Close of escrow is scheduled for on the 24th and we just heard that the Trustee went on vacation.

When the going gets tough the tough go golfing

I had had my fill of jumping over hurdles, being stressed out and walking around worried. I needed to get that negative vibe off of me so I called my girlfriends and set up a round of golf at Monarch Bay. We played the nine. 

Everything that could have gone wrong went wrong. My swing was off, my short game sucked, I couldnt find my sand wedge…but…it was a good day. I was out in the beautiful weather, walking, shooting the shit and 2 hours passed without me having to think about the economy, the electric bill or the hold up with escrows.

Tune in, turn off. Give in and let go.