Real estate blog entries tagged with foreclose by George Sanchez (California Housing Realty)

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Home : Blogs : George Sanchez : Riverside and Corona Blogs - by George Sanchez : Tag "foreclose"

foreclose: "Its better to foreclose than continue paying!" - 09/10/08 04:26 PM

Unfortunately that is what manny borrowers are now doing even though they are not in financial trouble. Lets put ourselves in the borrowers frame of mind.
Mr. Borrower has a Mortgage balance of $650,000. He can still make his payments because his job is ok and he is still making good money. He knows for a fact that the same houses are now going for $400,000 in his own neighborhood. So he thinks...."hmmmm....if I buy this other house for $400,000, I can save $200,000.....yes my credit might get ruined but is the price worth it?"
How do you talk someon out of … (0 comments)

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George Sanchez

Corona, CA

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California Housing Realty

Address: 2910 Archibald, A533, Ontario, CA , 91761

Office Phone: (951) 591-1139

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