Studio City Short Sales: Prevent Foreclosure Now!

These days, no cities are safe from the slumping housing market.  As mortgages rise and property values dip, many valley residents of places like Glendale, Pasadena, and Studio City are finding themselves in debt and living in a house that is worth much less than its original list price.

If you are a Glendale, Pasadena, or Studio City homeowners who feels foreclosure is the only way out, you should first consider a short sale. Foreclosure is an awful situation Not only does the neighborhood’s property value decrease, your credit value takes a hit as well, which won’t make finding a new home easier.

The economy is slouching, and in tough economic times, a short sale is your best option.  What exactly is a short sale?  Well, when a lender will accept a lesser amount than the total owed on the house, you’ve conducted one.  Most banks or lenders are willing to negotiate a short sale because they can avoid the complications of foreclosure.

If a short sale sounds ideal to you, contact Housing Assist of America for further details. Housing Assist has helped many Glendale, Pasadena, and Studio City homeowners residents complete short sales of their homes.   There’s nothing to lose in calling to ask—but if you don’t act soon, you might just lose your home.

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