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C.A.R.'s “2009-2010 SURVEY OF CALIFORNIA HOME SELLERS”

By
Real Estate Agent with Keller Williams Realty 01702953

The California Association of Realtors released their "2009-2010 SURVEY OF CALIFORNIA HOME SELLERS”.  The report showed that approximately 67% of all California home sellers that were able to sell their house in this market sold their home because they had an inability to meet their mortgage obligations.  In other words, they couldn't afford their house.  Whether it be due to a variable rate mortgage that was resetting higher, a job loss, sickness or just the fact that they overextended themselves, the majority of those homesellers basically HAD to sell. 

The 67% figure includes standard sales as well as short sales.  The interesting fact with this report is that the Obama administration has only recently begun making steps to help homeowners avoid foreclosure thru their H.A.M.P. and H.A.F.A. programs.

Other figures in the report showed that 63% of homes fell out of escrow prior to closing.  Of those fall outs, 70% had buyers who could not get acceptable financing and 26% were due to "buyer's remorse".  Of the homes that finally did close escrow, only 50% closed on time.  Meaning 1/2 closed late!

With the help that the government is providing with their short sale incentive programs, many homeowners facing foreclosure now have options to avoid the devastating affects of a foreclosure.  And that's good news for Realtors who specialize in Pre-Foreclosure options.

By the way, if you or someone you know is at risk of losing a home to foreclosure, please know that there are new options available to avoid this devastating occurrence. And know that there is someone here you can trust to help. As a Certified Pre-Foreclosure Specialist, I understand the ins and outs of Short Sales and Loan Modifications. I am also a Wachovia and World Bank trained Pre-Foreclosure expert and well educated in the Government’s new H.A.F.A. and H.A.M.P. programs for helping homeowners facing foreclosure.

CLICK HERE TO AVOID FORECLOSURE

Are you a buyer looking for a home?

CLICK HERE TO SEARCH ALL AVAILABLE HOMES

CLICK HERE TO READ WHAT OTHERS HAVE SAID ABOUT MY SERVICES!

Posted by

Ray Wright - Inland Empire Realtor

Are you a seller interested in knowing the value of your home? CLICK HERE FOR YOUR HOMES VALUE

Are you a buyer looking for a home? CLICK HERE TO SEARCH ALL AVAILABLE HOMES

CLICK HERE TO READ WHAT OTHERS HAVE SAID ABOUT MY SERVICES!

Ray Wright - Certified Preforeclosure Specialist

Foreclosure Prevention Help!

By the way, if you or someone you know is at risk of losing a home to foreclosure, please know that there are options available to avoid this devastating circumstance. And know that there is someone here you can trust to help. As a Certified Pre-Foreclosure Specialist & a H.E.L.P. Certified Specialist, I understand the "ins-and-outs" of Short Sales and Loan Modifications. I am also a Wachovia and World Bank trained Pre-Foreclosure expert and well educated in the Government’s H.A.F.A. and H.A.M.P. programs for helping homeowners facing foreclosure.  Contact me NOW!  951-312-3133 or email: Rayt@WrightTeamRealty.com

CLICK HERE TO AVOID FORECLOSURE

Ray Wright - Realtor

Ray Wright

Wright Team Realty

Direct: 951-312-3133

Email: Ray@WrightTeamRealty.com

Find me at:  www.RayWrightSellsHomes.com

Comments (1)

Christopher Watters
Watters International Realty - Austin, TX
Austin Realtor (512-829-8000)

I read a poll recently that rated Riverside CA one of the worst for foreclsoures. Hopefully homeowners will read this and get in touch with you before it's to late.

Feb 25, 2010 12:27 PM