Short Sales Skyrocket in Southern California

Short sales California are a fantastic method to remove housing catalogue from the market

, and reduce stress on home owners in California who are struggling with loan modifications California, failed loan modification applications and who could be looking at the foreclosure process. The great news is that almost 13,000 short sale were recorded within the Southern California market in first half of 2010.

"Short sale transactions are up 74 % in Southern California this year (Orange, Riverside, San Bernadino, and Los Angeles counties)"

For home owners who need to get rid of housing debt, an improvement in short sales in California is a welcome release. It also permits eligible buyers who had been priced out of the market a couple of years ago to purchase a short sale in California at a much more practical cost.

But Why The Change?

The federal government led plan - Home Affordable Foreclosure Alternative (HAFA) system has been designed to encourage short sale. As the plan gathers strength, we will possibly assume to find out improved numbers of short sale throughout the country.

Provided that a significant variety of loan modifications California are failing families and property owners, short sale California does appear to be a excellent choice to the lengthy and frequently drawn out loan modification California process.

Short Sale Vs foreclosure in California

-How do you stop foreclosure in California? It's the question for thousands of Californians facing foreclosure. While loan modification or refinance may be the obvious answer, Short Sale deals with the real problem if your loan is greater than your house value...

Visit my website to provide you more information and free referral services for distressed homeowners.

Short Sales Skyrocket in Southern California

By: Michael Hanks

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