Several sources here in Elkhart, Indiana have predicted that the number of Pre Forclosures, or Short Sales are on the rise and there will be several hundred above what we have seen in the recent past, to hit the market in January 2009.
I also saw something on the news last night that said Foreclosures were going to be postponed from December to January because of the extreme cold here. No Lender wants the reputation of displacing homeowners with no where to go. Although the news media reported this, I have seen nothing that verifies it.
If you are past due on your mortgage payments, please call your Lender and see if they can modify your loan, if you will be unable to maintain current payments even if they modify the delinquent amount, call a REALTOR (r) with Short Sale Experience, such as Evelyn Johnston, a Certified Short Sale Specialist with Prudential One Realty. Don't take the chance with your greatest investment on someone trying to learn, maybe at your expense. Evelyn can be reached at 574-304-7148, for your confidential consultation. Call now, before you make plans to move from your home.
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