According to an article in the Los Angeles Times, the number of foreclosure filings hit a five year low in September. This is good news for our real estate market and economic health. Improvements in the market will benefit sellers and the US economy, as a whole. What it also means is that the prices are going to rise. Although property costs are still phenomenally lower than they were prior to the real estate market’s decline, we are reminded that this is a limited time opportunity. Whether a home for yourself or an investment for the future, purchase if you can, as soon as you ca, for maximum benefits.
Below is a link to the Los Angeles Times article highlighting foreclosures.
The current climate of the real estate market is not going to last forever. As stated in the article, changes are already happening. If you are able to take part, I encourage you to do so sooner, rather than later. If lack of funding is the thing holding you back from moving forward with a real estate transaction, contact hard money loan experts and Source Capital founders, Sacha Ferrandi and Pat Hook.
Source Capital Funding, Inc. is a direct, private hard money lender that provides hard money loans throughout California and Arizona. We lend in all major cities in California, including Los Angeles, San Diego, Anaheim, San Francisco, San Jose, Fresno, Oakland, Sacramento, Bakersfield and Riverside and Arizona including, Phoenix, Tucson, Mesa, Chandler and Glendale. If you need a private hard money lender to fund your hard money loan, Source Capital Funding wants to help you. We can be reached at 858.705.6144 or via email using our convenient online form.
If you are involved in the social media scene, I hope that you will “Like” us on Facebook and follow us on Twitter if you haven’t already. You can also learn more about us by reading the reviews our hard money loan clients, private money investors and real estate brokers have posted on our Google profile page. Enjoy the rest of your week and have a great weekend! -Sindi Somers