Sequestration what will it do to Hampton Roads Real Estate

I really don’t even understand the term so I googled the diction term. HUMMM so how in the heck does this apply to the spending and what in the world does it mean for our area and market ?

1. Secretary of the Navy released a memo detailing immediate cuts, including a directive to “announce intent to cancel” all Blue Angels shows scheduled for April.
So I guess no Airshows this year !
2. Across the fleet, thousands of sailors are unsure of when or even if they will deploy in the coming months.
Great for families who don’t want to be apart but what are we going to do with all the people standing around ?
3. We could lose more than 12,000 jobs this year if sequestration is not halted, Old Dominion University economic researchers said.
HOLY cow that is going to kill our regions economy ! source
3.Economists said, It will cost the region more than $2 billion in spending. Nearly $1.9 billion of that is defense-related, the Economic Forecasting Project said.Source
Read here about the impact on Hampton Roads

If you find your self in a position that your gong to loose your home PLEASE do not wait till its to late. Lets not have a destroyed credit report or a foreclosure. I can help with a shortsale. Many banks are open to this more and more over taking the home. Lets talk !

se·ques·tra·tion
(skw-strshn, skw-)
n.
1. The act of sequestering; segregation.
2. Law
a. Seizure of property.
b. A writ authorizing seizure of property.
3. Chemistry The inhibition or prevention of normal ion behavior by combination with added materials, especially the prevention of metallic ion precipitation from solution by formation of a coordination compound with a phosphate.

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