It's getting more and more difficult to buy a home in Yorba Linda. The inventory of available homes has declined to the point that any reasonably priced property attracts multiple offers within the first few days on the market. Home buyers and investors have caught the scent of blood in the air and are looking to take advantage of Yorba Linda foreclosures, short sales and distress sales are surprised to discover they hardly exist long enough to get in an offer.
However, these observations regarding Yorba Linda foreclosures and short sales only apply to the lower price ranges. Higher end homes, in the $800,000 plus price ranges still sit on the market with lower demand. Meanwhile, the lower price ranges have dipped down to make Yorba Linda affordable for a new wave of first time homeowners.
While some have been expecting a tidal wave of Yorba Linda foreclosures and bank owned properties, This wave has simply not occured. Banks and government entities have been working hard to keep homes out of the foreclosure market. Banks strongly prefer the short sale process to the foreclosure process.
To meet these demands, I have been working with distressed Yorba Linda homeowners to help them understand their options. In some cases, I have been able to show homeowners how to get a loan modification with an adjusted interest rate. In other cases I have shown distressed homeowners how to do a short sale. In some cases, bankruptcy and foreclosure has been the only option, but it at least allows the homeowner to get out from under the ongoing pressure and move on with their life.
Most frequestly, a Short Sale is the best option for a Yorba Linda homeowner. It allows them to take a responsible course of action that is less devistating to their credit. Most estimates are that homeowners who short sale will be able to buy again in about two years.
For buyers looking to take advantage of the current market conditions, I have begun to complie a list of Yorba Linda UNLISTED homes. This list allows Buyers and Investors to get in on some of these Yorba Linda distressed sales, foreclosures, short sales, and REOs before they hit the market and attract dozens of offers.
For homeowners who need to know their options, I offer a confidential consultation where I sit down with the homeowner to review their options and help them decide on a plan of action to suit their needs.
Call me. I'm your Yorba Linda foreclosure and short sale specialist. 714-348-2359
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