I WANT TO HELP YOU AVOID FORECLOSURE!

Part of my business in helping people avoid foreclosure is calling homeowners who have received Notices of Default ("N.O.D.s") or Notices of Trustee Sales ("N.O.T.s") and try my best to explain to them what I can do for them, often completely free of charge. Often I hear the response, "ok, I'll get back to you." I stress the importance of taking care of the problem as soon as possible- the relief one feels knowing the problem is being worked on by someone else on your behalf is SO POWERFUL, my clients have told me.

And yet I still hear it- people think that by avoiding the problem it will go away. IT WON'T GO AWAY. Going through my list last night I noticed another person I have spoken to and who told me, "ok, I'll get back to you" had been foreclosed on. The bank had sold their home to an investor, who promptly told them to leave, put their house for sale, and is selling it at a decent profit. The homeowner now has a foreclosure on her credit score, and was probably kicked to the curb with nothing. If she allowed me to assist her, not only could I have enabled her to stay in her home many more months (because the banks take so long with the short sale approval process), I could have also probably negotiated her to be PAID by her bank! My recent clients have received $3000, $5000 and over $7000 to short sale their homes through me. I have been able to also keep them in their homes an additional 8 months, 6 months and 11 months! So, please, with all sincerity, PLEASE let me discuss with you your options. I can probably help you in your current situation. I have spoken to hundreds of homeowners, and only a few didn't qualify for a short sale. I can short sale any home in California. The most important factor in successfully selling a short sale is an agent who is strong and experienced in negotiating with banks. We know what it takes to deal with Bank of America, Countrywide (now BofA also), Wells Fargo, Washington Mutual/Wachovia (now Wells Fargo also), Chase, Citi, GMAC, Credit Unions, Ocwen, Quality Loan and dozens of others. We know what is expected and how to talk to the negotiators, so you don't have to! Keep in touch with your bank if you like, but let ME deal with the talks that cause headaches.

IF YOU ARE IN CALIFORNIA, I CAN HELP YOU! IF YOU ARE IN ANOTHER STATE, WE CAN REFER YOU TO ANOTHER POWERFUL SHORT SALE AGENT THROUGH OUR NETWORK! LET TODAY BE THE DAY! LET ME HELP YOU!

I strongly believe that a SHORT SALE is your best possible option if you are dealing with a frustrating mortgage! I have seen it liberate so many people and set them on the path for better home ownership, conquering debt and relieving much of the stress that was in their life! For a FREE consultation to see if a SHORT SALE or a LOAN MODIFICATION is right for you, do not hesitate to CALL ME at 661-706-6922!

RealtyTrac: 65% of housing markets worse off than in 2008

THIS IS WHY IT IS STILL CRITICAL TO CONSIDER A LOAN MODIFICATION OR A SHORT SALE! WE CAN HELP! 

RealtyTrac measured five key housing metrics in 919 U.S. counties and discovered the majority are still suffering from falling average home prices, unemployment, and higher foreclosure inventories, foreclosure starts and distressed sales.

Sixty-five percent of U.S. housing markets studied by RealtyTrac are worse off than they were four years ago, according to the Irvine, Calif.-based real estate research firm. The results of the survey arrive the same day as the final presidential debate and just weeks before the general election.

RealtyTrac measured five key housing metrics in 919 U.S. counties and discovered the majority are still suffering from falling average home prices, unemployment, and higher foreclosure inventories, foreclosure starts and distressed sales.

Of those counties studied, 580, or 65%, showed results in three of the five metrics as being worse off when compared to 2008 levels. Only 315, or 35%, of the counties had three of five housing metrics with improved performance over four years time.

"The U.S. housing market has shown strong signs of life in recent months, but many local markets continue to struggle with high levels of negative equity as the result of home prices that are well off their peaks. In addition, persistently high unemployment rates are hobbling a robust real estate recovery in most areas," said Daren Blomquist, vice president at RealtyTrac.

"While the worst of the foreclosure problem is in the rearview mirror for a narrow majority of counties, others are still working through rising levels of foreclosure activity, inventory and distressed sales as they continue to clear the wreckage left behind by a bursting housing bubble."

In the majority of the counties studied, home prices are down and unemployment rates are up in more than 90% of the areas. More than half have smaller foreclosure inventories and fewer foreclosure starts than in 2008, while distressed properties make up a smaller share of overall residential sales when compared to four years ago.

Article by Kerri Ann Panchuk from HousingWire.

What does the word "foreclose" mean? When homeowners think foreclose, they think it refers to when the home is sold by the bank. However, when the bank refers to foreclose or foreclosure, they are referring to the legal process by which they can secure their interest in their loan with you- your house. So, when the bank talks about facing foreclosure, they mean you are facing the foreclosure PROCESS, NOT the actual sale of your home. The selling of your home is the final step in the foreclosure process, but the bank refers to the sale as the "trustee's sale." So when you receive notices of facing foreclosure, it refers to the process the bank can take before the trustee's sale, when the bank can finally sell your home. The bank considers a homeowner to be in default when they have missed two mortgage payments. The bank then gives the homeowners 3 months to become current by paying the missed payments, plus late fees, additional interest, and any attorney/trustee/foreclosure fees they have entailed. After 90 days, the bank can then schedule a trustee's sale,  and they have to schedule the sale date at least 3 weeks out (i.e.- not "tomorrow"). So, if you receive a notice that you are facing foreclosure, you still have time to avoid foreclosure.

Bakersfield 5th Worst Residential Real Estate Market In Country

The Bakersfield area was the fifth worst residential real estate market in the nation in January based on mortgage delinquency rates, foreclosures and other signs of a deeply troubled housing market.
That's according to the latest monthly report from First American CoreLogic, a housing data firm based in Santa Ana.

Full article here.

Bakersfield Californian - www.bakersfield.com

Bakersfield 8th in the Nation in Foreclosures

According to an article from bakersfield.com, RealtyTrac reported last month that Bakersfield ranks 8th in the Nation in number of foreclosures compared to number of total homes (1 out of every 118 houses is a foreclosure).

The foreclosure problem is NOT going away. This is why it is so important to consider a short sale! Give us a call today!

Full article:

Bakersfield ranks No. 8 for the top foreclosure rates nationally last month, according to RealtyTrac, an Irvine-based real estate data firm, figures released today show.
Six California cities registered foreclosure rates among the top 10: Modesto at No. 3 (one in every 107 housing units); Stockton at No. 4 (one in 107); Riverside-San Bernardino-Ontario at No. 5 (one in 109); Merced at No. 6 (one in 109); Vallejo-Fairfield at No. 7 (one in 112); and Bakersfield at No. 8 (one in 118).
RealtyTrac's U.S. Foreclosure Market Report examines foreclosure filings including default notices, scheduled auctions and bank repossessions.
There were problems with 315,716 U.S. properties last month, a decrease of nearly 10 percent from December but still 15 percent above the level reported in January 2009. The report also showed one in every 409 U.S. housing units received a foreclosure filing in January.