We have been actively working with home owners facing foreclosures. Some have been working with their lender trying for a loan modification… For the most part they are not successful and in extreme cases the lender charges a fee to buy down points or for what I just don’t know…
During the loan modification the lender started the foreclosure process and serve the Notice of Default (NOD). I believe this is a deceptive on the part of the lender, and can be avoided or delayed.
If you are in trouble with your mortgage you need to know you options. First call your lender and try for a loan modification. Have a back-up plan is case the loan modification doesn’t work for you. The lender is working for them selves not you.
If you can’t make your mortgage payment you will be moving, however you do have a choice. You can let your home go into foreclosures or you can choose to sell Short.
Typically, when you list you home for sale you stay in your home and the lender delays the foreclosure process, giving you time to find a home to move into.
Don’t be in Denial take Action…
Janet O'Brian is a Certified Short Sales Specialist in California and is ready to help you with your situation… Pre-foreclosures
Monthend Numbers
October '09 September '09 August '09
Listed 659 701 691
Pending 593 725 564
Sold 549 564 621
The new look of the Dailys which are a set of number tracking the current trand in the Ral Estate Market in the Antelope Vally.
Dailys*
| New Listings |
34 |
|
|
| Back on Market |
7 |
|
|
| Price Increases |
2 |
|
|
| Price Reductions |
8 |
|
|
| Pendings |
33 |
|
|
| Solds |
34 |
|
|
| Expireds |
1 |
|
|
| Inactives |
6 |
|
|
Month to Date and Projected open Escrows*
| Total Active |
1,086 |
|
| Total Active Core Area |
716 |
|
| Total Active REO's |
169 |
|
| Total Short Paids |
245 |
Pre-foreclosures |
| |
|
|
| Pending MTD/Projected |
94 |
/ 564 |
| |
|
|
| Sold MTD |
54 |
Projected - 324 - With 57.4% closing |
| Sold Last Month |
549 |
Solds are down 41% Project from last month |
Absorption Rate*
Current Month 1.3 Months
At Last Months Rate 1.4 Months
Historical High 5300+ Mid 2007
Richard & Janet O'Brian Real Estate Agents in California work with buyers of all types, from first time, to investors, please let us work for you! Call us today. If you are looking for an aggressive Team to find and fight for the best deal call us or visit out website http://www.homesbyjr.com/.
Janet O'Brian is a Certified Short Sales Specialist and is ready to help you with your situation please visit her web-site.
(Quick Mapping Links for Core Areas)
Palmdale Lancaster Ana Verde Ritter Ranch Quartz Hill Leona Valley Lake Hughes Lake Elizabeth
*The Core Nunbers do not include outlying segments of the Antelope Valley or out-of-area properties. Lancaster, Palmdale, Quartz Hills, Leona Valley, Antelope Acres, Lake Elizabeth, Lake Hughes, Littlerock, Lake Los Angeles, Green Valley and Juniper Hills are included in the core grouping. All figures are Single Family Residential only.
