Modesto Short Sales

November 14, 2011 by  
Filed under Modesto Short Sales

The housing market is more than a mess right now, and many Modesto homeowners are losing their properties to foreclosure.  If they haven’t lost their homes yet, many Modesto homeowners are at the mercy of foreclosure as they are now paying mortgages that far exceed the value of their homes worth.

In a short sale, your lender agrees to accept a lesser amount than the total owed on your home.   Basically, the lender is accepting a loss in order to close the mortgage deal as soon and as painless as possible. The borrower is released from the lien on the real estate, while the lender averts the time and energy consuming process of foreclosure.

Contact Housing Assist of America or visit Housingassist.com to learn more about the details of the short sale. We have already helped negotiate short sales for many homeowners in Modesto, and we’ll be happy to hear you out and advise you on the process of a short sale. In today’s real estate market, it’s the best option you can turn to.

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Housing Assist Coldwellbanker