The economy is rebounding, but the foreclosure sickness is still amongst us. Unfortunately, last July showed that the foreclosure numbers are still prevalent in the real estate market with more homes succumbing to the financial problems in the marketplace. If you are among many of the americans who thinksing how can I sell my house to stop foreclosure, then get in contact with a local home buyer in your area.
More than 360,000 properties filed foreclosures last month, which is an increase of 7 percent from June and a more than 32 percent increase from July of 2008. Companies like RealtyTrac are stating that Julys numbers demonstrate the third time in the last five months where there has been a new record set for foreclosures. The government is setting up programs to help individuals and distressed homeowners alike, but they are not able to save this trend towards more foreclosures to stabilize the real estate marketplace. Bank repossessions and notices of default are continuing to pour in.
Some of the foreclosed homes were a result of the end of state issued foreclosure prevention plans that had been rolled out in certain areas. For many homeowners, these plans offered too little protection too late and the modification programs have done little to help save the homes that so desperately need it. Homeowners are trying to get their loans refinanced or modified in order to protect their financial investment, but the plans are not working out as well as initial projections had speculated.
Through the end of July, RealtyTrac is reporting that there have been a total of more than 464,000 repossessions this year alone, data has been accumulated until the end of July. Delayed option ARM mortgages have been reset, which is causing more homes to default as the interest rates skyrocket on unprepared homeowners. For this reason, repossessions have increased among homes with a higher market value than other REOs in the past. The reason behind this market trend is that option ARMs have been used historically with borrowers who had better credit and were going to purchase more expensive properties.
It is no surprise that the areas still reporting the highest levels of foreclosure are those that were considered the most offensive, bubble states in the past. The home prices soared in these areas and banks financed mortgages for many individuals who would not have typically qualified for the financial backing. These states, including Arizona, California, Nevada and particular, Las Vegas, and Florida, are still recovering from the time of highest appreciation and worst lending practices during the real estate boom years. California is reporting the highest number of foreclosure filings, but Nevada, with Las Vegas as its core, is showing the highest rate of foreclosures with one in every 56 homes going under.
As news of the recovering economy trickles in the media, it is important to note that these foreclosure filings give us a stronger indication of the real estate market and how it is truly performing.
If you are in a situation where you need to sell your house becuase of the possibility of foreclosure, I suggest you get in contact with a we buy houses or real estate professinal. These real esate professionals help home owners who are needing to sell their house fast for any reason.
Well, its that time of the year again. Everyone in Ada County will be receiving their tax assessment notice in the mail. When this should be the time of year spent with family, reflecting on the great memories made over the year and giving to people in need, we can not forget about the time and commitment we have to dedicate to disputing our Ada County homes tax assessed value.
It never seems to amaze me how the Ada county tax assessor gets it wrong. In fact, are we even sure he lives in the Treasure Valley? It is common knowledge that home values in the Treasure Valley and specifically Ada County and Canyon County have gone down over the last 3 years. Home values peaked in summer of 2005 and have been on a down hill slide ever since....so how come our assessed value keeps increasing!
...Because they can get away with it. It is a numbers game. They will increase the tax assessed value of thousands of home owners, make the tax assessed value dispute process grueling, confusing, and almost impossible for many, thus take more money from people like you and I, (tax payers), to pay the assessors salary.
So, What Can You Do?
Here is what the Ada County Tax Assessor States You Need To Do: "If you feel that your assessed value is higher than what your property would probably sell for on the open market, then we encourage you to submit market information to support your position. The appraiser assigned to assess your property will consider any evidence you wish to submit. Typical market information comes in the form of a realtor's comparative market analysis, copies of independent appraisals done for sales or refinance, repair estimates or any other pertinent data".
As you can see they specifically state that typical marked data comes from a real estate agent or a property appraisor. We all know that nothing is free in this world, so the County assumes you will not waste the time, money and energy on disputing your homes tax assessed value.
I wrote this blog not out of anger but out of frustration. Everyone knows property values have been going down over the last few years, yes even Mr. Tax Assessor knows it.
I urge you to take the time to review your tax assessment notice. If you see that your homes value has increased you may want to file an appeal. After all, it is your money they are taking.
Here is a link to the Ada County Filing An Appeal Page. There you will find a link to the appeal form.
If you need to receive market value information for your home please e-mail RealEstate@ExpertHomeOffers.com with your contact information and property address.
Please feel free to comment on this blog; let us know how you fee and if your assessment is over valued.
The real estate market has not just slowed down, it is almost standing still. Each and every month there are more houses on the market for sale and les homes are sold. So how do you sell a house fast in the very slow real estate market? You have to find and receive an offer from the right home buyer for your house.
When it comes to selling your home you have very few options, especially if you need a quick sale. You can try to sell your house by yourself with a for sale with owner company. You can list your home with a real estate agent who will put your home on the multiple listing service and hope for a buyer. Or you can sell your home to a real estate investor who buys homes fast from motivated home sellers.
There are many reasons home owners need to sell their house quickly, hare are just a few.
Going through a divorce
Need to stop foreclosure fast
Inherited a property
Your house needs fixed up
You are being transferred by your job
You do not have enough equity to pay realtor commissions
You mortgage is going to adjust and you will not be able to afford the payment
Recent loss of job
The real estate market is very slow across the nation. The home that you used to love can quickly become a huge life anchor limiting you from happiness. This is why I recommend receiving a free, confidential, no obligation offer for your house from a local home buyer. They exist in every major metro market in the nation and they buy houses fast.
Not all real estate investors are out to take advantage of home owners. Many are hard working individuals who make a living from solving complicated real estate situations.
So in order to sell a house in this current economy I suggest using the sometime less obvious way to sell your house, your local home buyer. You will not have to pay any money and you can move from your house quickly.
If you are from Las Vegas than you know the hard situation you are faced with. Your home has lost enormous amounts of value and most of you probably owe more for your house than what it is worth. You can not afford your house so you know you need to sell it, ,the problem is who do you sell to?
Well believe it or not there are still people who are buying houses in Las Vegas. Many people do not know that professional home buyers or real estate investors buy houses throughout the country, even in the hardest hit areas like Las Vegas. Home buyers are real estate investors who some times buy properties and hold for long term investments.
If you owe more for your Las Vegas house than what it is worth then you should consider selling your house to a professional home buyer. They will negotiate with the bank to get your name released from the mortgage and complete a successful short sale. This way you will not get a foreclosure status on your credit report, which will save you lots of money and hassle in your future.
Just this year there have been more than 155,000 houses lost to foreclosure. That is an enormous amount of people who either did not put effort into finding a home selling solution or did not know that professional home buyers can help solve complicated real estate situations. There is no reason people should loose their house to foreclosure. Banks will negotiate payoff amounts so you can sell your house.
The problem is many real estate agents and home owners try to conduct short sales themselves with no experience. This can be devastating to all parties involved. If you have never conducted a short sale do not start now. You need to contact a local home buyer who is a professional, knows the short sale process, knows what is required from the loss mitigation department, and knows how to negotiate, if you have any chance at success.
So if you own a Las Vegas house, or any house for that matter and are near foreclosure, or need to sell your house for one reason or another, do not give up. Contact your local home buyer and get a free consultation on your home selling options. There is no charge for any services provided by professional home buyers so you have nothing to loose.
The real estate market has slowed in the last few months in Boise Idaho. Selling your house is not an easy process. Boise is the capital of Idaho and is located in that same County as Eagle, Star, Meridian and Kuna.
In November 2007 there were 5,253 houses for sale in Boise and the surrounding area and only 8.1%, 427 of them sold in November. That means the rest of the over 4,800 home sellers are still waiting for an offer on their home.
The best price rang to be selling a home right now is the lower price range. Homes with a sales price between $120,000 and $160,000 have the best chance of selling fast. There are only 313 homes for sale in this price range and they are selling at an average of 50 homes per month. That is still a 6.5 month supply of houses on the market for this price rang, but it is much better than the $400,000 and up.
The bottom line is, If you need to sell your house fast you need to be talking with a local real estate investor. The real estate market is too saturated with homes, and not enough buyers.
There are many home owners who do not have 6 months to sell their house. You may have some equity in your home and you are about to loose your home to foreclosure. If you are in any of the following situations I would suggest selling your house fast to a professional, local home buyer.
Going through a divorce
Need to stop foreclosure fast
Inherited a property
Your house needs fixed up
You are being transferred by your job
You do not have enough equity to pay realtor commissions
You mortgage is going to adjust and you will not be able to afford the payment
Recent loss of job
The real estate market is very slow in Boise Idaho right now. If you need to sell your house fast you need to contact your local home buyer. There is a time to use a realtor and a time to use a local home buyer. It is important that you choose the right real estate professional for your home selling situation.
If you truly are in a selling situation where you need to sell your house fast then contact your local home buyer, you just may be surprised by the offer you get.
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