Contrary to popular belief that Menifee homeowners have lots of equity, sellers are making a killing and cashing in on the sale of their homes there still remains financial hardship for many Menifee homeowners that are struggling to make their house payment whether it be from loss of a job, sudden and unexpected illness and health problems and even divorce.
Below is a snapshot provided by RealtyTrac for the Menifee 92584 real estate market where homes are at some stage in the pre foreclosure process.
As of June 29, 2015 there are currently 165 properties in 92584 that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 417.
In May, the number of properties that received a foreclosure filing in 92584 was 30% higher than the previous month and 15% higher than the same time last year.
What's Happening With Equity Sales in Menifee 92584?
Additionally, while traditional sales of homes for April 2015 were up 367% compared with the previous month, and down 29%compared with a year ago. The median sales price of a non-distressed home was $301,000. The median sales price of a foreclosure home was $286,000, or 5% lower than non-distressed home sales.
It may be confusing to know the actual value of your home. This is where we can help to figure out if you have equity after all is said and done or if you are going to come up 'short.' Give us a call so we can help analyze your situation.
Wha'ts Happening in Riverside County?
In additional it should be noted that in Riverside County the total number of homes that are in some stage of foreclosure is 21,480!
How We Can Help! We Cover All of Riverside, San Bernardino, North San Diego County, Orange County
Many Realtors have gotton out of the short sale business. Let's face it. It's long, tedious and time consuming. You can rest assured that we know this and have done this for years helping hundreds of homeowners through the years. We are committed to helping you understand the process and provide you with an alternative to a foreclosure.
If you or someone you know is struggling to make their house payments you should not ignore the problem but call a professional that can help you understand the process so you know your options.
Foreclosure is inevitable for those in denial!! We have seen it happen time and time again! Don't let the bank take your house back! You have options! Call 951-315-3201 or visit our website for more information at
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