Foreclosure Starts Outnumbering Sales by 300%

by qinfokusuma 22. July 2012 05:31

In the most recent community outreach "Save Your Home" seminar, Rudy L. Kusuma discussed the latest LPS Mortgage Monitor numbers for May 2012, and while delinquencies have dropped sharply in the last few months, there are some key statistics in the report that we need to know.

The national foreclosure inventory is currently sitting near an all-time high. Nearly a third—that’s 33%—of all foreclosures right now are properties that are in “repeat” foreclosure. This means that the homeowner was in the foreclosure process, was able to get out of it by paying the lender, or modifying their loan, but have fallen delinquent yet again.

Another statistic shared in the seminar was that foreclosure starts in America currently outnumber foreclosure sales 3 to 1! This represents an extremely large inventory of distressed properties, and families that need help.

If you are a homeowner with a distressed property, we can help you find a graceful exit to your challenging situation. Click here for foreclosure prevention options available.

For more info, please contact:
RUDY L. KUSUMA
Cell: 626-780-2221
Click here for a foreclosure options special reports for homeowners

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Short Sale vs. Foreclosure: Who Wins?

by qinfokusuma 6. July 2012 15:06

One of the most frequent questions we’re asked is if a short sale has the same effect on a consumer’s future credit as a foreclosure. The answer is…ABSOLUTELY NOT!

When it comes to credit reporting, a short sale will most likely have a much less catastrophic effect than a foreclosure. As of right now, short sales are not listed as “short sale” on your credit report, but as paid as agreed, paid as negotiated, or paid for less than the original amount.

Also, If you are considered current with a short sale, you still have the ability to apply for an FHA loan, while having a foreclosure on your credit report stays there for a mandated 7 years. Not to mention, with a foreclosure, you must go through months of delinquency notices and in many cases a court appearance, which is also reported on your credit report.

If you’d like to learn more about the misconceptions of short sales, check out our FREE report, The Seven Most Dangerous Short Sale Myths by clicking here!

 

Short Sale vs. Foreclosure

by qinfokusuma 12. June 2012 11:43

We go over the key differences between short sale and foreclosure in today's real estate market.

Rudy L. Kusuma hold the Certified Distressed Property Expert (CDPE) designation are trained to help homeowners navigate alternatives to foreclosure, and can provide answers to the many questions surrounding America's foreclosure crisis. Call Rudy 626-780-2221  - to learn more, go to www.MyHouseSaved.com

Mortgage Modification Explained

by qinfokusuma 12. June 2012 11:31

This video describes what mortgage modification is, and how it can be a great option to avoid foreclosure as long as you can truly afford a "modified" or reduced payment. Rudy L. Kusuma hold the Certified Distressed Property Expert (CDPE) designation are trained to help homeowners navigate alternatives to foreclosure, and can provide answers to the many questions surrounding America's foreclosure crisis. Call Rudy 626-780-2221  - to learn more, go to www.MyHouseSaved.com

Time is Running Out: How the Mortgage Debt Relief Act can save you!

by qinfokusuma 6. June 2012 14:30

Time is Running Out: How the Mortgage Debt Relief Act can save you!

 

In 2007, the Mortgage Debt Relief Act was passed in an attempt to help the millions of homeowners who, due to the housing crisis and economic crash, suddenly found themselves in danger of losing their home to foreclosure.

 

The act has helped many distressed homeowners find solutions to avoid foreclosure and opened up options to them that were previously unavailable.

 

However, the Mortgage Debt Relief Act was always intended to be a temporary solution and it is now set to expire at the end of 2012. For distressed homeowners, this means that time is limited for you to take advantage of this program.

 

Time is running out. But there is still a chance to change your financial direction and avoid foreclosure.

 

-Rudy L. Kusuma, CDPE
Team NuVision Foreclosure Prevention Unit
Real Estate Broker Lic# 01820322
Free foreclosure prevention resources for home owners: www.ShortSalePlatinum.com
Take Action! Call me direct 626-780-2221

 

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