Diamond Bar Homeowners: How To Prevent Foreclosure

The recession has hit every California city, and now, Many Diamond Bar residents are underwater on their mortgages and close to losing their homes to foreclosure.  Foreclosure might seem like your only option, but before you let your lender foreclose on your home, you should highly consider a short sale.  Why consider a short sale as opposed to foreclosure?  First off, filing for foreclosure will destroy your credit.  It is also a long and tedious process that carries with it a certain stigma that is somewhat shameful.   Regardless, many feel this is the only option if upside down on mortgage payments.  So before you think foreclosure, consider the better option: Short sale


Diamond Bar Short Sales: A short sale is an agreement between the lender and the borrower in which the lender agrees to accept a lesser amount than the total owed on the house.  Lenders will complete short sales because they will no longer have to chase borrowers for payment.  They will also avoid the costs and efforts of foreclosing on the property.


I need to stop foreclosure on my Diamond Bar home!  I want to conduct a short sale of my Diamond Bar home!  If these words are repeating through your mind, you should contact HousingAssist.com for more information.  If you are in trouble of losing your Diamond Bar home, a realtor as Housing Assist can help you with a solution today.

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