Prevent Foreclosure Now! Think Short Sale For Your Malibu Home

A downtrodden economy has certainly had an effect on the housing market.  Even in high end neighborhoods like Malibu, property values have decreased significantly in value.  Plus, as the values of these houses decline, those homeowners who don’t own their houses outright are paying high priced mortgages that will only continue to increase.  In many cases, homeowners will owe more than what their house is now worth and banks will be breathing down their necks, asking for money.

How do I stop foreclosure on my Malibu Home?  Short Sale!  This should be your first thought if you owe more on your property than what it’s worth and paying your mortgage is a financial burden.  If your allow the lender to foreclose on your property, you will be left with horrible credit.  Foreclosure is also a long, tedious process that takes a toll emotionally and mentally.  In a short sale, a lender or bank will accept less than what’s owed on the property.  Lenders agree to short sales because cutting their losses and not dealing with the difficulties of the foreclosure process is a better than collecting form a homeowner who doesn’t ht money they owe.  More and more of these transactions are happening, as homeowners hope to climb out of debt.

If you owe more on you Malibu property than what’s it’s worth, 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 has helped hundreds of homeowners conduct a short sale of their home.

Housing Assist Coldwellbanker