Recovery yes,out of the woods no.
As of September 2013, 22 percent of homeowners in the Golden State still remained underwater.Despite a whopping 25 percent year-over-year jump in the median sales price of a homes in California. That’s 1.5 million homeowners who still owe more on their mortgage than their home is worth. This down over 50 percent from where we were five years ago, according to real estate data firm PropertyRadar. An additional 420,000 homeowners had less than 10 percent equity in their homes, which means they are effectively underwater because closing costs are 6 to 10 percent of a home’s sale price. – See more at: http://www.inman.com/wire/nearly-1-in-4-california-homeowners-still-underwater/#sthash.h2ELs5CB.dpuf.
I’m a senior myself and have also be through a short sale with my home.I know how to guide you through this most difficult type of real estate transaction.My service to you as your short sale agent is always at no out of pocket costs to you.
I am a certified short sale specialist and I specialize in Short Sales for Seniors.
41720 Winchester Rd #J Temecula Calif. 92590 951-217-6745 DRE# 01156692
– See more at: http://activerain.com/blogsview/2602421/short-sales-for-seniors-#sthash.0XUMAXRe.dpuf.
Your Temecula Short Sale Specialist
Thinking about a short sale?
Ask me about the short sale process.
If your Temecula Short Sale has Fannie Mae as the investor here’s some good short sale news.
Fannie Mae is asking you to submit your short sale offer to it at the same time that you submit it to your lender that’s servicing the mortgage. By submitting your offer via the Fannie Mae web site and your lender simultaneously you enable Fannie Mae to start taking some of the steps needed to get the short sale application processed. These steps include ordering an appraisal and broker price opinion and reaching out to the servicer to help keep the processing on track.
Avoid foreclosure and consult a Temecula Short Sale Specialist at Realty Works Temecula 951-217-6745
Contact us today for more information about the Temecula short sale process..