The other shoe is about to drop soon, and it will be on those homeowners who took out adjustable rate mortgages and sub-prime loans. The date is coming soon when payment will be due. With so many jobs being lost as more businesses fail, millions will simply not be able to meet their obligations.

Homeowners in Florida are beginning to understand that a Florida short sale may be the best solution for them. With an expert short sale negotiator aboard, they can often wind up free of all debt responsibility, remain in their homes during negotiations, experience a private sale instead of a foreclosure auction, and then move on and start life anew.

The key is to locate an expert short sale negotiator who understands the complexities of a short sale, and one who can negotiate effectively with big banks and mortgage lenders. It also helps tremendously when the negotiator has close connections with buyers who are qualified and prepared to act quickly when a desirable property becomes available.

Ten percent of all mortgages are delinquent today. A growing number is several months behind schedule. the job situation in our country is so bad that there is little hope for an improvement in the housing market. Government assistance has been promised, but not delivered.

Loan modification efforts seem far less significant than whether home buyers can find income solutions in the future. There seems to be little hope that the job market will improve anytime soon. A recent Wall Street Journal blog post reported that “income growth tends to slow and unemployment remains elevated for a very long time after a severe shock.” The Journal article added that “In ten of the 15 cases they looked at, unemployment never returned to its pre-crisis low in the 10-year window after the crisis occurred. In many cases, unemployment has never gotten back to where it was.

If this should occur here, then even if the recession technically ended last year-which appears highly doubtful- we will experience high unemployment until 2019. Many more homes will be lost to foreclosure during this difficult time.

One team of Florida short sale experts reports a growing number of successful negotiations with lenders and successful short sales of luxury homes in Florida. This allows the distressed homeowner to conduct a private sale rather than a public auction. They can then schedule a move rather than suffer an eviction.

Let’s hope we can soon return to a bustling economy where home ownership is a realistic goal for most. We live in the greatest county in the world. It’s time for us to pull together to return our economy to what it has always been in the past.

Go to the Tampa Bay area Short Sale to discover the ideal solution for many underwater owners of high-end homes in the Tampa Bay area.. This article, Tampa Short Sale Trends has free reprint rights.