Disaster or Oppotunity?

The Business Record ( Dec. 09) show that bankruptcy filings in the Southern District of Iowa have increased 20% from 2008 to 2009. In Polk county there were 944 bankruptcies filed in 2006. In Dec. of 09, 1,862 were filed in Polk County.

The website realtytrac says there were 7,284 new foreclosure filings in 2009. The newest Business Record has the latest statistics for Des Moines area foreclosures. Mortgages that were 90+ days delinquent in Dec. 09 - 5.04%. In Dec. 08, 3.35% were 90+ days delinquent. The foreclosure rate in the Des Moines area ( 1.71%) is higher than for the state of Iowa (2.04%), but lower than the national average (3.16%). Those figures are for Dec. 09.

These are startling statistics. But as Winston Churchill has been quoted - A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty. We need to put on the rose-colored glasses and identify the opportunities. Mortgage companies and banks do NOT want to be landlords. These properties will get sold. Could one of them be your dream house? It might be a good time to investigate. You could qualify for an $8,000 or $6,500 tax credit. You could get a new mortgage with still low interest rates. You could shorten your mortgage to 15 years and gain equity quicker.

If you are in one of these dire situations, don't hide your head in the sand. Talk to professionals and see what solutions are available. Repeat, mortgage companies do NOT want to be landlords. Short sales can be worked out, deed in leau of foreclosure, loans retructured. Lets look for the Opportunities.

Whatever your situation is, The Eisenlauer Team is ready to assist. Give either Bill (770-2455) or Bob (979-2883) a call.

Grooviest Realtors Around!

Monday night was the Annual Pleasant Hill Chamber Dinner. The theme was the groovy 70's. Bill and Bob were eager to dig out their old polyester and show off their style! What do you think? Who thinks with a big red nose and rainbow hair, Bill could be a clown?? One thing we know for sure - The Eisenlauer Team loves to have fun. They want your real estate experience to be fun and exciting. They are Easy to Work with...Hard to Beat! Call to comment on their outfits, with questions about real estate, or just to say Peace! Bob at 979-2883 Bill at 770-2455.

Predictions For 2009

Here are my Predictions for 2009.

• Oprah will reveal a NEW fitness plan.
• New amazing products like Sham-Wow will entice us on late night t.v.
  
• Yankees will spend more money than any other major league team.


• New elected officials will remind us too much of the old ones we voted out.


• Someone will be voted off the island.


• Howie Mandell will get a new game show.
  
• Des Moines Register will continue to highlight Gloom & Doom
• Foreclosures will continue to be in every neighborhood.


• Mortgage interest rates will continue to be at all time LOW.
• Current economic situation will create some amazing bargains for those watching for opportunities.
• Eisenlauer Team will be ready to serve your real estate needs.

The Eisenlauer Team continue to be your area experts in real estate. We continue to sell houses and land in Polk County, Des Moines, Altoona, Pleasant Hill, SE Polk and other nearby communities. Please give us a call, or pass our name onto friends and family looking for a professional Realtor. Bill Eisenlauer at 770-2455 or Bob Eisenlauer at 979-2883.