California Foreclosure Timeline

California Foreclosure Timeline - This is a detailed look a the foreclosure process in the State of California in Full detail.

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Gerald Harris
Realty World & Associates
Long Beach, CA 90807
http://homes-n-condos.com
geraldharris230@gmail.com
DRE# 01231278
(909) 586-7823

How can I save my home from foreclosure and pay my bills?

http://homes-n-condos.com - Daily the struggle continues for people all over the country who are trying to make ends meet. When the subprime meltdown began we had people in a negative equity situation where they could not refinance and ultimately ended up in foreclosure. The biggest issue now is Unemployment. In the State of California where I live we are currently experiencing an unemployment rate of 12%. This slide is to help people everywhere with ideas of making money.





Gerald Harris
Realty World & Associates
Long Beach, CA Real Estate
DRE# 01341278
(909) 586-7823
http://homes-n-condos.com/

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Open House in Long Beach, CA

Open House in Long Beach, California

November 19th from 12pm to 4pm. This home show marades. Stainless steel appliances, Wood Flooring, Spanish style home right off the 710 Freeway. Great Piece of Real Estate.


Gerald Harris
Realty World & Associates
Long Beach, CA 90807
DRE# 01341278
http://homes-n-condos.com/

What is a Short Sale?

Do Loan Modifications actually work?

It's tough to convince someone to get foreclosure help when they are going through the process of losing a home.   The hopes of saving their home and trying to work with banks are not taken seriously at first.   Many people get into the mode where they procrastinate for a long period of time.  This mode of action will hurt you in the long run. 

The number one option of working with someone who has fallen behind on payments is through a loan modification.   This is where you contact a loan or Mortgage professional and modify you loan by restructuring the payments and terms of the loan.   Often times people will get a loan modification thinking that things are ok only to find themselves right back in the same situation they were in when they began the modification process. 

It is the job of the loan professional to explain to the homeowner the terms and condition of the modification.   The average person thinks that by modifying the loan the home is saved, but the conditions of the modification and monthly mortgage payments must be paid on time in order for the terms of the loan modification to stay in effect.  A loan modification is a type of foreclosure help or payment restructuring that can help people, but it must be fully explained by the loan professional.

What many people need to consider is first and foremost their income.  If you income has suffered due to job layoff or a rough economy and in the near foreseeable future no income is being generated, then you may want to to talk to a Real Estate Professional about doing a Short Sale on your property.   Simply put, a short sale is a process where a Real Estate Agent or Broker negotiates on your behalf to the bank to sell the property short of what is owned.  

Take into consideration you set of circumstances in a logical sense.  To look at your situation emotionally often times can get you into more trouble down the line.   A word of advice, If you are in the process of foreclosure and have not made a payment then consider staying in the home until a representative from the bank or a appointed real estate agent has contacted you and asked you to leave the property.  

If you are one of the unfortunate people going through this process please remember that there is foreclosure help out there.  Just make sure the person you contact is interested in helping you and not themselves.

So, do you think Loan Modifications work?


Gerald Harris
Realty World & Associates
Long Beach, CA 90807
DRE# 01341278
http://la-county-property.com/

Who is to Blame for the Foreclosure Fallout?

Almost daily there is some type of information pertaining to the foreclosure fallout epidemic that is happening  in society today.   It seems as though the news media adds fuel to the fire everytime someone has fallen victim to the never ending battle of foreclosure  So, who is to blame?  

Wholesale lenders and Banks who created the access to easy money thru equity? Maybe Brokers who encouraged their loan agents to push the product in the first place.  Perhaps it was homeowners who fell victim to the temptation of ease money.

Foreclosures today are common place.   They affect us all.  The result of acquiring massive amounts of easy money became nationally catastrophic.  Then as a result became a negative epidemic, globally. 

Do you know of anyone going through a foreclosure situation?  If so, Please take the time to assist them in pointing them in the right direction.

Gerald Harris
Realty World & Associates
DRE# 01341278
2286 E. Carson St. #531
Long Beach, CA 90807
(909) 586-7823
http://la-county-property.com/
geraldharris230@gmail.com