Fresno Homeowners: Is Paying Your Mortgage A Financial Burden?

A down economy has had a huge impact on the housing market. Across
the nation, property values have decreased significantly. When
property values declines, people who don’t own their houses outright
end up paying incredibly high priced mortgages. In many cases,
homeowners will owe more than what their house is now worth, and they
will be stuck paying more than they can afford.

In Fresno, California, homes are being foreclosed on at a high rate.
Plus, because the economy is upside down, a large number of Fresno
residents are having difficulties paying their monthly mortgages. If
you are one of these Fresno residents, you should know that
foreclosing on your property could leave you with horrible credit and
your neighborhood with a decreasing property value. So before you let
the bank take your house, consider a short sale.

In a short sale, a lender or bank will accept less than what’s owed on
the house. Lenders are open to short sales because it’s easier to cut
their losses and not deal with the difficulties of the foreclosure
process than to try to collect from a homeowner who doesn’t have the
money they owe. For Fresno residents, short sales are a far better
option than foreclosure. If you owe more on your property than what
it’s worth, and you live in Fresno, California, you should contact
Housing Assist of America for further information on the short sale
process at your earliest convenience. 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.

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