Considering a Short Sale of Your Brentwood Property?

October 31, 2011 by  
Filed under Brentwood

Over the past few years, as the economy has slumped, so has the
housing market.  Even in upscale neighborhoods like Brentwood,
properties are no longer worth what they once were.  As property
values are declining, homeowners who don’t own their houses outright
are paying high priced mortgages that continues to increase.  In some
cases, homeowners will owe more than what their property is worth.

Just like every other city in the greater Los Angeles area, Brentwood,
one of the most appealing places to live in California, has seen a
decrease in its property value.  In fact, many Brentwood homeowners
are upside down on their mortgages.  Owing more on their property than
what it’s worth, Brentwood homeowners have taken advantage of the
benefits and conducted short sales.  Foreclosing on their property
would have left them with horrible credit.  A short sale,
alternatively, helped alleviate debt and give them a fresh start.  In
a short sale, a lender or bank will accept less than what’s owed.
Data shows that lenders are approving more and more of these
transactions.
If your Brentwood property is underwater and you are trying to
alleviate yourself of the pressures of debt, contact Housing Assist of
America for further information on the short sale process.  Housing
Assist of America helped more than two hundred homeowners with a short
sale of their home.

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