Foreclosures, Short Sales Not Dead!

"FORECLOSURE ACTIVITY INCREASES 3 PERCENT IN APRIL TO 18-MONTH HIGH DRIVEN BY RISING BANK REPOSSESSIONS!"

A recent report released by RealtyTrac, the nations leading source for comprehensive housing data,  shows foreclosure filing are up 3 for the previous month and up 9% from a year ago! CLICK HERE TO READ REPORT!

Don't freak out! There are a lot of other indicators involved.

I personally believe this has to do with the auction schedule that was occurring the previous 24 months and banks putting holds on many properties and now following through with the foreclosure process.  As well, many homeowners loans were adjusting the past 24 months, home owners couldn't get used to the adjustment and allowed their homes to get to the foreclosure point.

The interesting thing is a total of 51,773 US properties started the foreclosure process for the first time in April 2015, which is down 3 percent from the previous month and down 5 percent from a year ago.  There are many statistics you can read in the report above.

Nonetheless, short sales and foreclosures are not dead! Banks are still working with people whose loans are adjusting and are just to much to meet the demand of the household finances.  The great thing is consumers have choices now! IF you have equity in your home and have a decent credit score, I can help you get your home refinanced into a better more affordable loan.  If the issue is no equity and loan adjusting to a payment that is too much for the household, banks will still work with you on a short sale and save your credit from a foreclosure.  

Call me today and let's figure it out whatever your situation! 661-702-4767