Oakland Short Sales

October 31, 2011 by  
Filed under Oakland Short Sales

The housing market epidemic has struck the whole nation, and Oakland is no exception. You might have already noticed that your property value has decreased significantly. You might be panicking because paying your monthly mortgage is a financial burden.  Worse yet, these high ticket mortgage prices stay the same as your house continues to lose value.

Many Oakland residents are now paying monthly mortgages that cost more than the total owed on their house.  There is hope though, and a solution.  An increasing number of Oakland homeowners are turning to short sales to stop foreclosure. In a short sale, the lender will accept a payment that’s lesser than the total owed on the home.   The lender or bank will agree to accept less than what is owed because it’s more convenient for them to cut their losses and forgo the arduous process of foreclosure. Meanwhile, you, the Oakland homeowners will prevent foreclosure altogether.

If a short sale sounds right for you, contact Housing Assist of America for more information on how to secure a short sale. Housing Assist of America has already helped many Oakland residents untangle out of this low housing market epidemic, and it can help you too.

Housing Assist Coldwellbanker