The shift in the real estate market the last 5 years caught a lot of people off guard causing foreclosure more than we can imagine. Many people are in a dilemma and don’t know what to do. These homeowners fall into any of these 3 categores:
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Those who bought or refinanced their home or took an equity line of credit around 2005 and now find they owe more on their home that what it can sell for;
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Homeowners who face financial difficulties due to the loss of their job, loss of a spouse, divorce or other circumstances beyond their control and could be heading into foreclosure;
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Home sellers who wish they sold their home sooner but did not and are now trapped into a high mortgage.
According to an article from HomeLogic.com called Fight Foreclosures in Your Community: “If you think your neighbor’s foreclosure doesn’t impact you, think again. According to a Center for Responsible Lending report, "Foreclosures lower the property values of nearby homes by $7,200, on average.
Foreclosures can affect your community in other ways. Vacant homes can invite crime, and public services can suffer as revenue from property taxes dries up. All isn’t lost, however. There are ways to fight foreclosures in your community."
If you are in a conversation with homeowners who fall in any of these 3 categories, be sure to give me a call. These homeowners need help and they need our help NOW! More than ever before, we need each other and together we can make a difference!
For addditional information or if you need further assistance, please call me at (909) 376-8615 or email me at Elizabeth@HomesByLiz.info for a private consultation. Your privacy will always be respected and we will never share your information with anyone.