Due to resets in home equity lines of credit (HELOC) loans originated ten years ago, delinquencies are rising as the interest only payments now include principal money and simply are not affordable any longer.
In addition, the government bail outs wherein the banks had to "save or rescue" people from foreclosure via loan modifications and HARP and so on are coming to an end and anyone still on these modifications cannot afford the increasing payments and/or are still underwater.
In light of these two major factors, many people are defaulting and/or facing foreclosure and finding themselves upside down. I have taken special training on helping homeowners in distress. A foreclosed property in a neighborhood can have an extremely negative effect on the entire marketplace.
If you would like more information on Short Sales or Foreclosure Alternatives, contact me in strict confidence as my goal is to help homeowner's avoid foreclosure.
Whether you are buying or selling real property, hire someone like me, who wants to earn your business. I invite you to contact me as I'd be happy to assist you with this important transaction.
It's all about the Company you keep. Ogden Residential Real Estate and Kristine LaDue Klink are proud of being committed to providing the quality of service you deserve.