If anyone had told me four years ago that today over 90% of my business would be short sales and REOs, I would have said they were crazy. The reality of course is that the boom of those days is the bust of today, and it doesn’t look much brighter on the immediate horizon.
According to California Association of Realtors Vice President and Chief Economist, Leslie Appleton-Young, “The wild cards for 2011 include federal housing policies, actions of underwater homeowners, and the strength of the economic recovery. What is certain is that favorable home prices and historically low interest rates will continue to make owning a home in California attractive for those who are in a position to buy.”
OK. Sounds like a glimmer of hope….unless you’re one of the homeowners that is underwater with no life boat in sight. Knowing that you can no longer afford your home is incredibly stressful, and for most home owners, their lenders offer little help, despite federal programs.
This blog is dedicated to every homeowner who can’t sleep at night and is asking themselves, “What do I do now?” My goal is to provide information that will help homeowners understand their options for buying, keeping, or selling their homes in this troubled market. With the banks and the government changing the rules every day, I’ll help make sense of the news, share my experience and insider perspective, and have some fun along the way. Most fear is based on lack of knowledge. By sharing what I know and being here for your questions, I hope to take the “stress” out of distressed property sales, whether considering a short sale, or an REO purchase.
So let me know how I can help. If I don’t know the answer, I’ll find a reliable source that does. It’s that simple. Over the next two weeks I’ll be adding some good resource information about short sales, so check back soon! Looking forward to sharing and hearing from you!
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