At Century 21 Award we understand how the economy has impacted some of our neighbors in relation to their homes. If you are experiencing difficulty in making your monthly mortgage payment or foresee in the near future a problem, I might be able to help. Despite what you might be hearing from the media, friends or co-workers, there are alternatives to losing your home.
I'm a Certified Short Sale & Foreclosure Resource professional from Century 21 Award, and have been helping owners and prospective homeowners in our communities. I began helping families facing foreclosure, become aware of all the options available for retaining their home or receiving fair market value, and purchasing 2 years later.
New Government Programs - Alternative Options
HAP Home Affordable Program (military only)
HARP Home Affordable Refinance Plan
HAMP Home Affordable Modification Program
HAFA Home Affordable Foreclosure Alternative
Don’t lose your home and/or the equity you’ve worked so hard to build up just because you’re too embarrassed to get advice. We have helped people in your situation, and we can help you too. Please give me a call at 619-417-5645 Let me remove this burden from you.
I'm offering a free and private consultation to review your options. I'll provide you with the information you need, so you can make the best possible decision for you and your family. It’s nothing to be ashamed of millions of homeowners are facing the exact same situation.
NO OBLIGATION - FREE CONSULTATION.
Showing posts with label short sales. Show all posts
Showing posts with label short sales. Show all posts
Monday, August 16, 2010
Sunday, May 30, 2010
Smooth sailing...or is there another swell looming ahead??
The housing market is facing more and more homeowners who are 90+ days delinquent but have yet to lose their homes, this is threatening a new wave of foreclosures that could hit just as the real estate market has begun to stabilize.
Approximately 7 million properties could be heading for foreclosure. Some economists think it could take almost three years before all these homes have been put on the market and purchased by new owners. The number of pending foreclosures could grow much bigger over the coming year as more distressed borrowers become delinquent and then if they can't get a loan modification, go through the foreclosure process, which can take up to a year to complete. When these foreclosed properties add to the supply of homes for sale, they could add to a decline in housing prices, which have increased slightly through April. That rise was partly because of the tightened flow of foreclosed homes into the market and the $8000 First Time Buyer Tax Credit. Perfect example of supply and demand, a lot of buyers and not enough inventory.
The rate of seized properties, for example, peaked in the middle of 2008 and fell steadily last year, but the banks expect foreclosures to increase this year, nearly doubling to 45,000 by the fourth quarter.
So the positive housing data may not be signaling a true bottom, as many servicers are holding back on foreclosures and the distressed houses are not yet being offered for sale. It could take almost 3 years to clear the backlog.
While banks foreclosed on fewer homes in February than a month earlier, borrowers continued to fall behind on their payments, adding to the inventory of properties headed toward foreclosure that have yet to be put on the market.
The shadow inventory reflects the increasing lag between defaults and foreclosures. Many lenders are struggling to keep up with the overwhelming number of borrowers who aren't making their payments, they're hesitant to rush in and foreclose, which would mean adding more homes onto the market, bringing prices into decline once again.
If you or anyone you know, would like to avoid foreclosure and know your options, please feel free to contact me.
Approximately 7 million properties could be heading for foreclosure. Some economists think it could take almost three years before all these homes have been put on the market and purchased by new owners. The number of pending foreclosures could grow much bigger over the coming year as more distressed borrowers become delinquent and then if they can't get a loan modification, go through the foreclosure process, which can take up to a year to complete. When these foreclosed properties add to the supply of homes for sale, they could add to a decline in housing prices, which have increased slightly through April. That rise was partly because of the tightened flow of foreclosed homes into the market and the $8000 First Time Buyer Tax Credit. Perfect example of supply and demand, a lot of buyers and not enough inventory.
The rate of seized properties, for example, peaked in the middle of 2008 and fell steadily last year, but the banks expect foreclosures to increase this year, nearly doubling to 45,000 by the fourth quarter.
So the positive housing data may not be signaling a true bottom, as many servicers are holding back on foreclosures and the distressed houses are not yet being offered for sale. It could take almost 3 years to clear the backlog.
While banks foreclosed on fewer homes in February than a month earlier, borrowers continued to fall behind on their payments, adding to the inventory of properties headed toward foreclosure that have yet to be put on the market.
The shadow inventory reflects the increasing lag between defaults and foreclosures. Many lenders are struggling to keep up with the overwhelming number of borrowers who aren't making their payments, they're hesitant to rush in and foreclose, which would mean adding more homes onto the market, bringing prices into decline once again.
If you or anyone you know, would like to avoid foreclosure and know your options, please feel free to contact me.
Sunday, January 31, 2010
Distressed Homeowners...help is here.
As REALTORS we're here to help people in their real estate needs. Whether it's finding a new home or keeping the one they currently have. As homeownwers, you do have options to choose from. I'm here to help you try and stay in your home or what ever works best for you.
Beware of Foreclosure Rescue Scams - Help Is Free!
•Beware of anyone who asks you to pay a fee in exchange for a counseling service or modification of a delinquent loan.
•Scam artists often target homeowners who are struggling to meet their mortgage commitment or anxious to sell their homes. Recognize and avoid common scams.
•Assistance from a HUD-approved housing counselor is FREE.
•Beware of people who pressure you to sign papers immediately, or who try to convince you that they can "save" your home if you sign or transfer over the deed to your house.
•Do not sign over the deed to your property to any organization or individual unless you are working directly with your mortgage company to forgive your debt.
•Never make a mortgage payment to anyone other than your mortgage company without their approval.
This is a time for many people facing hardship that need understanding and help for a way out. Keeping their dignity and saving as much of their credit as possible. Legal advice and a tax preparer are always advised before moving forward on a short sale. You should know your options as soon as possible, always have a Plan A,B and C.
www.MakingHomeAffordable.gov has a lot of information I think could be very valuable to homeowners who think they have nowhere to turn. If you find yourself facing a true hardship and need more assistance I'm here to help. You'll have a strong team behind you. CENTURY 21 sells a home every minute of the day.
Beware of Foreclosure Rescue Scams - Help Is Free!
•Beware of anyone who asks you to pay a fee in exchange for a counseling service or modification of a delinquent loan.
•Scam artists often target homeowners who are struggling to meet their mortgage commitment or anxious to sell their homes. Recognize and avoid common scams.
•Assistance from a HUD-approved housing counselor is FREE.
•Beware of people who pressure you to sign papers immediately, or who try to convince you that they can "save" your home if you sign or transfer over the deed to your house.
•Do not sign over the deed to your property to any organization or individual unless you are working directly with your mortgage company to forgive your debt.
•Never make a mortgage payment to anyone other than your mortgage company without their approval.
This is a time for many people facing hardship that need understanding and help for a way out. Keeping their dignity and saving as much of their credit as possible. Legal advice and a tax preparer are always advised before moving forward on a short sale. You should know your options as soon as possible, always have a Plan A,B and C.
www.MakingHomeAffordable.gov has a lot of information I think could be very valuable to homeowners who think they have nowhere to turn. If you find yourself facing a true hardship and need more assistance I'm here to help. You'll have a strong team behind you. CENTURY 21 sells a home every minute of the day.
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