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What is a Short Sale? |
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Is a Short Sale right for me? |
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If I do a Short Sale, how much will I have to pay to sell my home? |
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How do I get started on a Short Sale? |
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How Fast Can A Foreclosure Happen? |
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How Can I Stop The Foreclosure? |
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What Options Do I Have To Avoid Foreclosure? |
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If My Lender Forecloses, Can They Come After Me For The Loss? |
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Subprime… The most overused word in the English language The fact that we have a serious mortgage delinquency problem in most parts of California is now irrefutable. The Central Valley has had more than its share of casualties over the past several months and the pace at which homeowners are losing homes to foreclosure is showing no signs of abating.
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June, 2007The following article was sent to me by an investor friend of mine who has been very active in the market over the past several years. When Dan sent me his article I asked for a picture to run with the article, and the picture you see is the one Dan sent. I think he rides the motorcycle to burn off the frustration he experiences working with lender/asset managers all day – I may try it myself. Of particular interest in the article are the following statistics:
The rate of mortgage delinquencies is showing no sign of slowing. What is unclear, is when (or maybe if) the mortgage industry is going to respond to a mortgage default problem that is reaching crisis levels in many Central Valley communities. Click Here To View The Article.
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