In a short sale, a bank or lender will accept less than the outstanding amount that the borrower owes. Short sales are top option not only because of the current foreclosure backlog, but also because the foreclosure process overall is extremely slow and tedious. When modification is not an option, a short sale produces better results for both the homeowner and the lender.
If you are underwater on your mortgage and making payments is a financial nightmare, you should strongly consider a short sale. Housing Assist of America has helped thousands of Los Angeles homeowners in preventing foreclosure on their homes. If you are considering a short sale, now is the time, especially with the added bonus from these banks. Housing Assist of America will not only help you conduct a short sale, but help you collect these massive incentives as well.]]>
The new plan, which must still be approved by congress, would also administer simpler refinancing plan for homeowners whose mortgages are owned by banks or possessed by investors. To be eligible, however, homeowners must be up to date on their payments for the past six months and hold a credit score of 580 or higher. The program will not be applicable to jumbo loans nor loans greater than the Federal Housing Administration’s loan limits.
House Speaker John A. Boehner is among those who feel that the plan, like many other Obama relief plans, will ultimately fail. Regardless, the plan isn’t close to a cure all for the housing market nor will it save every underwater homeowner. Like other proposals, some relief will be found for those in mild debt, but there is still no answer for those who are completely upside down on their mortgage payments. The solution for underwater homeowners is still the same: Inquire about a short sale. Short sales occur when a homeowner sells the property for less then when he owes. Homeowners must get the bank’s consent before the sale, as well as word that they will forgive the deficiency on the sale. Short sales are a great option because there’s less paperwork, less hassle, and nobody needs to declare bankruptcy or take the time and energy to foreclose. For more information on short sales, contact Housing Assist of America today]]>
Experts agree that low prices and interest rates will be met by lowering numbers of unemployment and easier access to financing, which will make the market surge. Also, the delayed release of foreclosed properties could impel buyers into activity. Values are seemingly holding up like they haven’t in quite some time, and though we’ve seen this before, this time, it might be for real.
Though 2012 might be the beginning of the end of the down housing market, not every homeowner will be affected. Some will still have to deal with debt and threat of foreclosure. If foreclosure is looming and you are looking for ways to prevent it, contact Housing Assist of America today.]]>
In the stock market, the housing market turnaround is causing a stir as well. Financiers are realizing that buying the big banks could make for double digit returns. Low share prices and the hopes that employment will rise mean the values of shares in bigger bank will increase. So stock up before the shares rise and thank me later.
In the stock market, the housing market turnaround is causing a stir as well. Financiers are realizing that buying the big banks could make for double digit returns. Low share prices and the hopes that employment will rise mean the values of shares in bigger bank will increase. So stock up before the shares rise and thank me later.]]>
At the same time, the number of forecloses homes purchased has risen, meaning potential buyers are looking to save an extra buck by purchasing these homes that banks are selling at reasonable prices. In turn, the resale value of homes that are not bank owned, are losing value because buyers prefer the discount of bank owned homes.
If you are one of the thousands of people who can’t afford their monthly mortgage, and foreclosure is looming, do yourself a favor and contact Housing Assist of America today, for information on the short sale process and preventing foreclosure.
Foreclosure activity slowed of late due in part to a shifted focus on the robo-signing scandal, but banks now seem more ready than ever to collect on what they’re owed. With the number of foreclosures set to rise, home value will most likely decrease again as the neighborhood value is sure to decline with more and more vacant houses.
Before they come knocking on your door for what they’re owed, consider a short sale of your house. For more information on how to stop foreclosure, contact Housing Assist of America today. They’ve helped hundreds of people to prevent foreclosure on their homes.]]>
Jordan claims that he’d have 80,000 visitors every December, all wanting to catch a glimpse of his giant Santa and nearly 200 foot stretch of Christmas characters. But earlier this year, Jordan’s house was lost to foreclosure, and the Costa Mesa tradition seemed to be lost forever.
Costa Mesa city officials, however, offered to host Jordan’s display outside the City Hall. They have even offered to include Santa’s village and a holly jolly St. Nick himself. Costa Mesa residents, and Jordan himself, are thrilled the tradition remains alive. Though foreclosure took his home, it couldn’t take Jordan’s holiday spirit.]]>
How can Housing Assist help me? Well, Housing Assist specializes in conducting short sales. In a short sale, a lender or bank will accept less than what’s owed on the property, leaving you free and clear of your mortgage payments. These transactions are ideal for lenders because it’s easier for them to cut their losses and avoid the difficulties of the foreclosure process than to try to collect from a homeowner who doesn’t have what’s owed. More and more short sale transactions are occurring, as homeowners are trying to climb out of debt.
If you owe more on your Lynwood property than what it’s worth, contact Housing Assist of America for further information on the short sale process. Housing Assist of America has helped more than two hundred homeowners conduct a short sale of their home, and they can certainly help you if you are trying to alleviate yourself of the pressures of debt.]]>
A short sale provides a win-win situation for both the lender and the
borrower. The borrower avoids a bad credit reputation and losing his
San Gabriel or San Marino house, while lenders forego the financial
and physical troubles of implementing foreclosure. Though the lender
might have to take a small loss, everybody saves time, money and
Short sales are the best option in these hard economic times. Before
you lose your San Gabriel or San Marino properties, you should inquire
further about short sales. For more information and help, contact
Housing Assist of America, where we have helped many residents of San
Gabriel and San Marino stop foreclosure on their homes. We’ll walk
you through the short sale process and simplify it for you. What do
you have to lose? Instead of ruining your credit and having to shop
around for a new home, allow Housing Assist of America to help.