The Forgotten Worker!

The housing crisis is tied first to the job losses and second to the economic recovery. For years, I have been saying “As housing goes………..So goes the Economy”

There are over 17 million sole proprietorship's in the United States.
Add in single owner LLC’s and there is a significant business segment which have been severely impacted by the economic downturn but not reported on.

Sole proprietorship's account for over 70% of all businesses in the US. Sole proprietors do not show up in the unemployment line, they don’t receive company paid health care benefits nor do they receive paid holidays. Every day it is a struggle for the sole proprietor to survive.

Are you?
Employed or a sole proprietor that own a home not underwater
                      Many sole proprietors could not refinance their home and take advantage of lower interest rates since their income is probably not consistent nor considered acceptable to qualify for a loan.

Unemployed or a sole proprietor that own a home not underwater
                     The unemployed can receive 99 weeks of unemployment benefits. The sole proprietor --- ZERO. Neither will be able to refinance.

Employed, unemployed or a sole proprietor that own a home underwater
                    Today, banks will favor the employed while the unemployed and sole proprietors must pursue a short sale or foreclosure solution.

The vicious cycle continues……………As Housing Goes – So Goes the Economy!
Wake Up America!