If you’re a first time home buyer looking to purchase their first home in Temecula, Murrieta or other portions of Riverside and San Diego Counties, you have to be wondering how did so many first time home buyers end up in such financial trouble and in many cases losing their first time home to foreclosure?
There’s been a lot of finger pointing (some justified, some not) at mortgage lenders, Realtors, the federal government for our current housing crisis and even the families who are now facing foreclosure. Read the rest of this entry »
First Time Home Buyers – Are you pretending to be rich?
February 8th, 2010
Stop Foreclosure – You lost your home, you may still have to pay!
February 6th, 2010Most homeowners in Temecula, Murrieta and other portions of Riverside and San Diego Counties who are facing foreclosure are confronted with, perhaps, the most difficult decision in their life so far.
Stop Foreclosure Temecula - Save your home
Their home may be worth 50% of what they owe, they’ve suffered a financial hardship that makes them unable to keep up the payments, so getting rid of the debt seems like the best solution.
A fresh start?
Maybe not
Former homeowners may still be on the hook if there’s a difference between what they owed on their mortgage and what the bank could sell it for at auction. And these “deficiency judgments” are ticking time bombs that can explode years after borrowers lose their homes. Read the rest of this entry »
Temecula First Time Home Buyers- is a short sale right for you?
February 5th, 2010First time home buyers in Temecula, Murrieta and other portions of Riverside and San Diego Counties have two choices when it comes to buying their first home.
1) Their first home can be a foreclosure, bank owned or REO (same thing!)
2) Their first home can be a “short sale”
Who should buy a short sale? Read the rest of this entry »
