Trying To Stop Foreclosure on Your Beverly Hills Home?

Is the bank trying to foreclose on your Beverly Hills home?  Are you
trying to stop foreclosure on your Beverly Hills home at all costs?
Housing Assist is here to help, and we can, by informing you of the
benefits of a short sale.  Short sales occur when a lender agrees to
accept a lesser value than the total owed on the home in question.
Why would a lender do this?  Well, many lenders agree to short sales
because foreclosure is a tedious process for them as well.  With a
short sale, they can cut their losses and quit chasing someone who
simply doesn’t have the money they owe.  In fact, more and more banks
are agreeing to short sales.

The recession has even affected residents living in the the affluent
cities of Beverly Hills, Brentwood, Santa Monica etc.  On a positive
note, homeowners are becoming familiar with the short sale, and now,
many homes in Beverly Hills are being listed as short sales.  Beverly
Hills residents are fighting foreclosure, saving themselves from bad
credit and the ‘shame’ of the process.

If you are underwater on your Beverly Hill property, you aren’t the
first and you won’t be the last.  But it’s important to get the
assistance you need before foreclosure .  If you are interested in
listing your Bel Air property as a short sale, contact HousingAssist
for more information, today.

Beverly Hills Foreclosures

August 19, 2011 by  
Filed under Beverly Hills Foreclosures

Beverly Hills Foreclosures

By: Joshua C Anderson

Published: Friday, 19 Aug 2011

Afshar Properties Chief Correspondent

Yes, you read correctly, foreclosures in the most affluent of communities. It’s no longer an uncommon sighting to see short sales or even foreclosures in these areas. Beverly Hills is only the tip of the iceberg. Areas like Laguna Beach, La Jolla and even Hollywood Hills are experiencing the same issues. Some foreclosures are in the $25 million range and some are even larger. What many of these foreclosed home owners failed to realize was that they could have avoided the stiff ramifications by opting to short sale. Recent studies have shown that lenders are approving short sales of that magnitude.

Housing assist of America, a short sale firm has teamed up with Coldwell Banker in Beverly Hills and has several active short sales well over a million dollars. The result is amazing for the homeowner; some have even had tax liens paid off. No two short sales are alike, however Housing Assist has an iron clad system that’s has so far proven effective for even the most bizarre of circumstances. The majority of their clients have been through the motions of the modification so they know that the short sale is really the last option. “When I short sold through Housing Assist, I definitely had piece of mind and was kept in the loop throughout the entire process”, said a former client of theirs.

2012 will without a doubt be the biggest year for short sales since they became popular a few years ago. When they started out they took nearly a year to complete, now they lenders have streamlined there process and they are now being completed with 90 days. In addition to the fast track programs, lenders have many incentives for sellers and want the listing to close as much they do.

Short sales in Beverly Hills?

August 18, 2011 by  
Filed under Short Sale/Loan Modification Blog

Short sales in Beverly Hills?

By: Joshua C Anderson

Published: Tuesday, 2 Aug 2011

Afshar Properties Chief Correspondent

Over the past few years the housing market has taken a turn for the worst, even in affluent communities such as Beverly Hills, Bel Air and Malibu, to name a few. Homeowners are left with few options once their property value declines. In some cases, the homes are owned free and clear, but in most they carry high ticket mortgages that seem to balloon as the market declines. If a home goes into foreclosure and sells at auction, the neighborhood will be adversely affected. Often times when the property is underwater, a homeowner can choose to short sale it as long as there is a legitimate hardship, and in 90 percent of the cases, there are.

Los Angeles based Housing Assist of America knows the short sale market better than most. With over 200+ short sales under their belt and one of the biggest names in real estate backing them, they are a short sale powerhouse. Coldwell Banker brought them on board in 2011 and hasn’t looked back since. The secret to their success lies in their ability to negotiate effectively with hardball lenders, an attribute that separates Housing Assist from the distressed property expert.

Overall the short sale is a proven method to alleviate debt and get a fresh start, no matter what the property is worth or how much you owe. It is always advantageous to the seller in every aspect, however in some cases there could be tax ramifications. Whether it’s a 250k home in a modest community or 1.5 million dollar villa in Beverly Hills, the banks just want to cut there losses and move on, The process is exactly the same, but keep in mind no two short sales are alike. Avoiding foreclosure at all costs should be a top priority to sellers. And recent research has shown that lenders are approving more and more of these complex transactions. As of April 2011, bank of America has completed well over 23,500 short sales nationwide, with Wells Fargo and GMAC at 13,500 apiece and counting. JP Morgan Chase has even offered some owners as much as $30,000 as an incentive to short sale their property.

If you owe more on your property than its worth and it’s a financial burden to make the payment, the answer should be quite clear, short sale.

Housing Assist Coldwellbanker