Glendora Short Sales: Preventing Foreclosure in Glendora

Glendora may be one of Los Angeles’ most expensive neighborhood, but even it isn’t safe from the financial mires of the housing market these days.  As mortgages rise and property values dip, many Glendora residents are finding themselves in debt and living in a house that is worth much less than its original list price.

If you’re one of the Glendora homeowners who think foreclosure is the only way out, you should first consider conducting a short sale. Foreclosure is a losing situation for all sides. Not only does the neighborhood’s property value decrease, your credit value is tanked too, which doesn’t make finding a new home any easier. The bank that forecloses your home will also have to expend a lot of time and energy to proceed the foreclosure.

In these harsh economic times, a short sale might be your best option.  In a short sale, a lender will accept a lesser amount than the total owed on the house.  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 Glendora 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 lose your home.

Housing Assist Coldwellbanker