Short Sale & Buy Program

October 13, 2009 by  
Filed under Blog, Short Sale and Buy Program

There are a large number of homeowners in Southern California who have no equity.  The major concern that these homeowners have is whether they can sell and move into a new home without a foreclosure.  The only options that homeowners have at this point are: Modify the loan, yet the negative equity will remain

  • Modify the loan, yet the negative equity will remain
  • Short Refinance; very few lenders participate with this
  • Continue making payments and wait 10 years to break even on property
  • Short sell, and if payments remain current they can purchase another home immediately
  • Foreclosure

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Housing Assist Coldwellbanker