In today’s market one could easily be drawn into a fast sale, ever growing prices and happy clients. But we all soon forget all to quickly the dimmer side of real estate, the foreclosure.
We are seeing foreclosures to still be as prevalent as ever to our market. Should you have to go through a foreclosure you can look out a far as 5-7 years before your buying credit will be back on useable terms to lenders with out exponentially higher rates. Don’t even dream of buying another home within that time.
There are a lot of the banks that have been sitting on homes ready for foreclosure because of their excessive backlog of homes and transactions they already have to go through.
Could this be good for you? If you are a home owner on it could be your answer. Here are a few ways that your troubles could be solved, a short sale, a normal sale, mortgage restructure/loan modification, or refinance to name a few.
So in lew of brighter futures ahead, if you or your loved ones are finding yourself in this burdensome situation please contact us to see how we can help you. We pride ourselves in being problem solvers for our clients.
Andrew with The Denver Realty Company
303-726-8434 or Andrew@TheDenverRealtyCompany.com