Home Sale Relief

Bargain houses largely unsold, says the headline.

“Statewide, 12,282 properties went to foreclosure auctions, but only 321 were sold to bidders. Lenders took back the rest, which had unpaid debts of nearly $4.8 billion.”

That is Modesto, Stockton, Merced…which if you’ve been to California, you recognize as not the largest towns in the world. They are cities that grew up from modest agricultural roots. They are the center of the worst real estate speculation although the contagion is all over.

If you are in the situation where you can’t afford to stay and you want to sell your house, you are competing with these forced sales. A forced sale is a foreclosure auction, forced on the seller. Or it isa short sale situation.

And of course, there are all the builders that are trying to stay afloat by selling and getting whatever they can.

In some areas, a house you purchased new two years ago will sell for 50% of what you paid today. If it sells at all. You are competing with the foreclosure sale. You want to avoid foreclosure sale by selling, but the sellers that are out there are so desperate.

That means if you are selling your house, you must be realistic as to the purchase price. You must make sure you get a good opinion as to what the house will really sell for if it is to sell.

I recommend you get instant access to my 25 page report Keep Your Home avoid foreclosure and take my 20 minute quick course on ending foreclosure, doing short sales, negotiating with your mortgage company to get lower payments, slashing your credit card debt without bankruptcy, and even buying new property with no money down and no credit. I always maintain your name in complete privacy and you can unsubscribe any time.