Chatsworth Short Sales

October 31, 2011 by  
Filed under Chatsworth

High mortgages prices are sinking Chatsworth homeowners, and foreclosure is looking over many Chatsworth residents.  But foreclosure is a losing battle for all fields: you lose your home and credit, the lender loses money and time on foreclosure, and the neighborhood suffers from decreasing property value.

In a short sale, the lender agrees to accept a lesser price than the total left owed on the house.   Ashort sale will benefit your lender because the bank gets to choose how to cut their losses, instead of wasting lots of money, time and effort on foreclosing processes. In fact, more and more lenders are approving short sales.

It’s a difficult market, and Chatsworth is no exception. If you are Chatsworth homeowner who is being pressured to pay more than what your property is worth, you should consider a short sale. You can contact Housing Assist of America for more information on how to get one. Housing Assist of America has already helped many homeowners in debt.

Housing Assist Coldwellbanker