Inglewood Homeowners: Is Paying Your Mortgage A Financial Burden?

An ailing economy has certainly had an affect on the housing market.  Across the state and the nation, property values have decreased significantly.  When property values declines, those who don’t own their houses outright end up paying incredibly high mortgages that will only continue to rise.  In many cases, homeowners will owe more than what their house is now worth.

In Inglewood, California, homes are being foreclosed on at an alarming rate.  A staggering numbers Inglewood residents, along with residents of basically every other city, are having difficulties paying their mortgage.  Monthly payments have become a financial burden and many people owe more on their property than what it’s worth.  If you are one of these Inglewood residents, you should know that Foreclosing on your property could leave you with horrible credit and your neighborhood with a decreasing property value.

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 Inglewood residents (and for anyone else underwater), 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 Inglewood, 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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