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The national mortgage crisis has become a local real estate crisis for many homeowners in the Bay Area. Today 1 out of every 8 homeowners in America is behind on their mortgage payments and facing the possibility of foreclosure. In California that number is even higher. These are very difficult times.
Even more troubling is the fact that 7 out of 10 people lose their home to bank foreclosure without any professional guidance at all. The long term ramifications of a home lost to foreclosure is devastating to families and can be avoided. My goal is to give homeowner's the tools, information and strategies to effectively navigate this mortgage disaster.
As a licensed California real estate broker, a Certified Distressed Property Expert, an attorney and a REO listing agent hired by banks and asset management companies to sell their foreclosed properties, I am familiar with the entire foreclosure process from the first missed payment to actual disposition of the foreclosed upon asset.
Don't procrastinate. Time is of the essence. There are options available to protect you and your family from foreclosure. If you've been unsuccessful at negotiating a loan modification and are thinking about letting your home go to foreclosure please take a look at this report. As of January 2011 there is also new legislation that has been put into place to protect California homeowners. This legislation no longer allows banks to pursue a homeowner following a short sale for the unpaid balance due on the loan. This holds true even for most non-owner occupied residential investment properties. Please call me to discuss your options. I will gladly help you in anyway that I can.
