Foreclosure Timelines Reach New Records

Short Sale may be the answer to many homeowners still upside down, or offer them time to re-negotiate their loan through help of lender re-finance programs.

Like Chase they have a "Homeowner Center" they can help you re apply to have your loan re-evaluated for a lower interest rate, maybe even reduce your premium. They prefer walk-in rather than phone calls. One such location is in Oakland. Location is: 505 Broadway 1st Floor, Oakland, CA 94611 contact people I have are Marie Murry and Kim Singh. I met them following up for another one of my clients and I referred her there.

I learned about Chase Homeowner Center while attending a Real Estate event in Oakland with NAHREP Bay Area. As you walk in take the elevator down one level to first floor.

As property value appreciate some homeowners are finding they have more options than they had before. With enough appreciation they may be able to sell and close the sale, downsize.

With short sale approval if underwater owing more to the lender than value of property in current market, some lenders are offering incentives to sell while approving the short sale to recover as much as they can rather than foreclose. 

Foreclosure Timelines Reach New Records

Buyers of Foreclosures Need to Act Fast

Buyers always want best value for their money, buy low. REO Lenders want best offers. Low Inventory driving bids and higher offers. Demand is resulting in increased property value appreciation in many recovering communities. Buyer can expect to pay more for their purchases and property values  will continue to  improve for a while longer.

Buyers of Foreclosures Need to Act Fast

FHFA extends HARP to 2015 | HousingWire

This is such great news and will continue to help a lot of homeowners. 

FHFA extends HARP to 2015 | HousingWire