1 in 10 homeowners troubled.

The LA times reported on Saturday that a record 1 in 10 homeowners are either late on their mortgage or have entered foreclosure at the end of September! Although I was a little shocked to read that, I does seem that way. Much of our business right now is helping distressed homeowners. We have become very skilled at negotiating short sale transactions.
You probably know someone that is struggling with their mortgage payments and/or owe MORE than the house is worth. Please pass along my contact information to them. Our goal is to discretely handle these situations and help maintain the home values of our neighborhoods.

Short sales are pretty common and nothing to be ashamed of.
This isn't a thing that irresponsible people with bad credit do. Usually our clients have excellent credit but they just purchased a home at the wrong time. (not represented by us I might add) A short sale is when a person sells the house for less than they owe on it. This is generally considered to be a better option than foreclosure. It is a win/win for both the lender and the homeowner.
Homeowners elect to do this when they can no longer afford to make the payments OR when they really don't see any benefit to making the payments anymore and keeping the house. This would be because the home is worth less than they owe on it. Due to recent law changes with the mortgage debt relief act if the short sale process is handled by a trained professional it is not a bad option and for those who qualify. I can go one all day about this subject and it is actually quite complicated. Please ask any questions you have at this point.

First Post

Reduced to $1,135,000, sellers loss is your gain.
This is now a great value in the Hollywood Dell.

Very hard to find a done Spanish house for just over 1 mil! Spanish style homes will hold their value.

See pics and at www.6464Odin.com