looking into Q1 of 2010

By
Real Estate Agent with RealtyONE Group

many of the large banks have re-instated a foreclosure moratorium on occupied homes. this means (or should mean) that banks are going to attempt to help the homeowner stay in his/her home. This will add to the already current lack of inventory, (yes can you believe it) its time to force banks to clean up their balance sheets by dealing head-on with the trillions in negative equity that remains, either though loan modifications that reduce principal balances to near current value, short sale, or, if necessary foreclosure. These are the only solutions that deal with the core problem of negative equity. It’s time for “extend and pretend” to end.

 

with that said, banks are 'eager' to short sale homes vs foreclose on them. some are now giving homeowners moving money at the closing table. there are alot of myth-understandings regarding short sales and how or if someone will qualify. its is always best to speak with more than one authority to ensure you are getting all the best info and advice. I would like to be one of your resources in 2010. 

 

Contact me directly at

Matt Dunshie-Realtor
Certified Foreclosure Specialist CFS
REO Default Certified Professional
Keller Williams Integrity First Realty
2836 North Power Road Suite 114
Mesa, Arizona 85215
Office- 480-776-8380
Mobile-480-862-2811
Fax-480-776-8395
www.MattDunshie.com


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Posted by

Matt Dunshie-Realtor
Certified Foreclosure Specialist CFS
REO Default Certified Professional
Keller Williams Integrity First Realty
2836 North Power Road Suite 114
Mesa, Arizona 85215
Office- 480-776-8380
Mobile-480-862-2811
Fax-480-776-8395
www.MattDunshie.com


Follow me on Facebook
http://www.facebook.com/megaagent
Connect with me on Linkedin
http://www.linkedin.com/in/megaagent

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Rainmaker
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Debi Braulik
www.roundrealestate.com - Maple Valley, WA
Selling Maple Valley to Fife WA Homes For Sale

I hope the banks are going to help more people. They have been awfully slow in their attempts so far. Let's hope 2010 is better. And I'm amazed you have a lack of inventory. I think that's the first time I've heard that in a really long time.

Dec 30, 2009 09:17 AM #1
Rainer
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Matt Dunshie
RealtyONE Group - Queen Creek, AZ
Realtor - Matt Dunshie & Associates

Ya, the local market has been reporting lower inventory numbers over the last few months. All the while, I have seen increases in our numbers, go figure?

Dec 30, 2009 09:28 AM #2
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Rainer
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Matt Dunshie

Realtor - Matt Dunshie & Associates
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