Homeowners in the Temecula Real Estate market who can no longer afford the payments are finding short sales as an alternative to foreclosure.
Historically the short sales have taken months, and those delays have resulted in the very thing everyone was trying to prevent: Foreclosure.Most of the major lenders, faced with an increasing number of delinquent loans (estimated in the millions) are implementing new short sale procedures to speed up the process.
One of the most touching examples of the impact of foreclosure was a blog written by Bob and Stephanie Walker, titled: Love in the Time of Foreclosure.
Nineteen months ago, the recession took Bob Walker’s job. Then, creditors lined up to take the three-bedroom hilltop home that the computer consultant shared with his wife, Stephanie, a playwright still looking for her first break.
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Tags: Help for Homeowners, help for homeowners in trouble, stop foreclosure, Temecula Real Estate Market