Since April 20th, 2010 and Still Flowing! BP Oil Spill's Impact on Real Estate Industry!
I was surfing the net today and I came upon a Blog post on Relocation.com that reminded me of just how long the BP oil spill has been going strong!! April 20th, 2010 an oil rig exploded in the Gulf of Mexico, and thus far no containment method has worked!!! What??? Heads should be rolling at this point!!
The post, by Serena Norr and Joann Pan, throws out some astounding figures. 60,000 plus barrels of oil a day, thousands of fisherman out of work, and in the real estate market a 30% expected decline in home values. National Geographic has called this this the worst oil spill in US history, with 8 National Parks directly threatened by the oil spill.
30% expected decline in home values, in an area that has not fully bounced back since Hurricane Katrina devestated the Gulf coast in August of 2005. 30% is a staggering figure. While BP has set aside funds to assist industries who have suffered losses due to oil spill, is there a plan in place for the homeowners, who will be impacted by this spill. Nothing I have read or heard leads me to believe that there will be any compensation for these personal property losses.
The Gulf Coast oil spill could have long term and devastating effects on the Gulf Caost's industries, residents,and eco systems. It is well over due that something real be done about this!!!
Total Edge Team
Cindy Cranston
Representing Home Buyers, and Sellers.
Specializing in San Antonio, La Vernia, Floresville real estate.
Keller Williams Heritage - Agent
Cindy's Cell 210-373-8634 Email TotalEdgeTeam@gmail.com Website www.TotaledgeTeam.com "Total Edge Team, Your Key To A Competitive Edge When Buying Or Selling Real Estate!"
Cindy Cranston and Faye Taylor are the Total Edge Team Realtors® with Keller Williams Realty Heritage living and doing business in the South Texas, San Antonio, Floresville and La Vernia, Texas market. They represents both homeowners and home buyers in these market areas.They specialize in military family and distressed properties. They enjoy the great rewards gained by helping our military heroes and their families buy or sell their home, and assisting distressed homeowners to sell their home and avoid foreclosure.
Cindy has been involved with the United States military her entire life; First as a proud military brat while her father served, then as a Medical Technician in the Air Force, and for the past 14 years as a military wife to her career military husband.
Cindy~ 'Having been around the military my whole life gives me a unique perspective on the challenges that face a military family. I am uniquely qualified to understand this situation from all angles, and enjoy helping relieve some of the burdens caused by your military PCS.'
Faye has earned a Certified Distressed Property Expert (CDPE) designation from the National Association of Realtors®. The CDPE designation makes her uniquely qualified to assist homeowners who risk losing their homes. She works diligently with loan mitigation, asset managers and the homeowner to find an alternative to foreclosure.
Faye~ 'Working with homeowners and families to help them avoid a bank foreclosure is truly rewarding. The prospect of foreclosure can be financially and emotionally devastating, it's important to understand your options. CDPE has equipped me to help homeowners navigate this process and guide them to their best course of action.'
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