165 Homes set to foreclose any day now in San Clemente CA!

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Real Estate Sales Representative with Surterre Properties 01758933

165 Homes set to foreclose any day now in San Clemente CA!


Were they trying to modify their loans? The sad truth is that probably were. Loan modification hopes lead more people into foreclose than anything else I have seen. I remember in 2007, when I would work on short sales, the lenders would say to me. "Do your clients want to stay in their homes?" I would say yes and boom, loan mod. A year later the word loan mod became a buzz word and people were canceling their short sales left and right.

Now in 2010 we get conflicting stories from lenders and the government. Lenders have told me, "next year" no more postponing foreclosures, were done with that, either short sale or foreclosure", then the government says, we will require lenders to halt foreclosure when determining if the client qualified for a loan mod.


Who do you believe?


Carlsbad Realtor Carlsbad Real Estate Expert

Here is what I do know, I can help get your short sale done. PERIOD


Calrsbad Realtor

Will everyone qualify? NO, but we need to find out as soon as possible.


Calrsbad Realtor

But I can't help you if you come to me at the last minute anymore. I am always happy to help people in my community, but the lenders have said, no more delays, no more foreclosure postponements.


Calrsbad Realtor

I WANT TO HELP YOU AVOID LANDING ON THIS LIST! CALL ME RIGHT AWAY FOR A CONFIDENTIAL APPT.


Calrsbad Realtor
Posted by

Michael-Edward Cruz Broker Realtor

Michael-Edward Cruz
Broker Associate with Surterre Properties
Realtor
CA BRE License # 01758933
949-212-8272
www.mecruz.com

 

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Topic:
Real Estate Market Trends
Location:
California Orange County San Clemente Talega
Tags:
talega real estate
talega foreclosure
talega short sale
san clemente real estate
san clemente foreclosure
san clemente short sale

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Rainmaker
429,023
Stanley Stepak
Realtor - Avon Lake, Avon, Bay Village, Westlake,
Howard Hanna Gold- Avon Lake, OH

Those numbers are so sad. But it is the truth. People in these situations need to seriously look at their options now.  Don't weight and take a loss that you could have turned around for your benefit. Call now and get your self some positive help.

December 17, 2010 12:11 AM
Rainmaker
84,139
Michael-Edward Cruz
Michael-Edward Cruz - Beach Cities Realtor
Surterre Properties

Agreed, And that didn't include the fresh foreclosures. Just the ones ready to foreclosure. 

December 17, 2010 12:20 AM
Rainmaker
306,226
Jon Quist
Tucson's BUYERS ONLY Realtor since 1996
LONG REALTY

I thought San Clemente was a high end area. Was I wrong? We don't have many foreclosures in our high end areas. Buyers paid cash.

On another thought...banks lie! About everything, it seems.

December 17, 2010 12:35 AM
Rainmaker
84,139
Michael-Edward Cruz
Michael-Edward Cruz - Beach Cities Realtor
Surterre Properties

Hi Jon,

San Clemente, could be considered high end coastal. Beautiful coastal mansions and inland "mini mansions" make up a large part of our market.  The problem here as in everywhere else it seems was that alot of the peoples wealth was in equity. Many of jobs here here were in Mortgages and Real Estate.

I think the combination of these factors helped fuel this. Short Sales and Bank Owned Sales were going down here and you were seeing Equity Sales here but you can see the wave coming fast and coming hard. Lenders are exercising their rights to foreclose in 2011. 

Oh I almost forgot, many of the then new homes were sold in 05 and 06 as well

Thank for your post.

December 17, 2010 12:45 AM
Rainer
210,564
Bill Pohl
Tetra Homes, Inc.

Michael - I certainly agree that modifications have been falsely promoted to homeowners in trouble. I just can't believe banks can't come up with another solution during this economic time. It certainly isn't good for them to write down billions of dollars.

December 17, 2010 02:12 AM
Anonymous
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Rainmaker
84,139

Michael-Edward Cruz

Michael-Edward Cruz - Beach Cities Realtor
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Additional Information

Specializing in the Coastal Luxury Market of South Orange County California, Michael-Edward Cruz is you valuable resource for all your real estate needs.