Our blog is about keeping builders with growing inventories that are being beaten on by the banks from stepping in it.The sole purpose is to have a place to tell your story and to read those of others. We do not want to bash, but to make a place to see there are others out there. Share the stories and methods that worked and ones that brought on more headaches….the ones that did not. We have lived through some pretty tough scrapes by holding strong. Not wasting precious resources by fighting the institution or defending the act of not paying our obligations, but by showing the aggressors that this is not a market that any one builder or person caused. Showing them that we did not cause this and that we share the problem with the banks. It is up to them to notice that we are not going to just roll over because they beat on us. Stand tall, help your brothers stand tall, and for Petes sake, when they take swings at you, don’t just take it. Push Back.Post your story under one of the topics and share your story, you can remain anonymous but please, take the survey, share some of the tools that worked for you to keep alive.


Friday, July 18, 2008

Financial crisis hotline......

This is an example of the trust people put in me now days.
All looking to me like a guru in a meltdown.
A financial crisis hotline.
Only who do I call?

you are so funny. and you appear so frickin smart. I pretend not to know about the stock market. Just that some days are good and others are bad! People don't understand what we are going through! Buyers now, are all credit hurt, they don't even qualify, let alone have a down payment!
My banks are terrible and impatient. I had 1 house in Gresham near persimmon golf course, gave it away at 499, originally 639, and it was a couple of days in default (loan expired), they held up draws on my other dingers for 2 weeks, while they had it re appraised, to make sure i wouldn't sell it for less than what was owed, and they came out to pick up a check for 12K to restock interest reserved for 3 months, and its not even in an interest bearing account, and my latest closes on feb 15! my birthday!
So my next turd in the bowl has interest payment due next month, like $5k. I can barely keep the heat on! just got the last months heat bills, they are $1000!. My debt is so mixed between XXX and pesonal, I am just so scared of frickin liens! XXX had liened me for $28K. when the bank finds out they'll shut me down again. and then they can start foreclosure in 90 days! I won't be selling anything for profit this year so how do i ever climb out of the debt??? It's huge!
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Portland, Oregon, United States
We have built homes and developed land. Now we fight to survive. Please take the time to vote on the poll. Please visit the builders forum. Please email me a story. Have a great day.
"Lets face it, times were good, and we all made hay. Now we are creating our own versions of our 80's stories, you know the ones the silver haired guys told us about 5yrs ago"