inland empire Archives » California Short Sales

Positive Equity Up, Many U.S. Homes Still Underwater

January 2, 2016 By GarrigusRealEstate

A Corelogic analysis of quarterly data from 2013 revealed expected, and unexpected, results of equity of mortgaged homes nationwide. According to the Corelogic report, 4 million homes gained value and moved into the black with positive equity in 2013, that is 42.7 million homes nationwide.

Also according to the same Corelogic analysis, 6.5, million homes are still underwater and with out equity, a.k.a. negative equity, by the end of 2013. That’s 13.3% of residential homes nationwide.

The quarterly growth rate of the Home Price Index also shows a slowdown quarter to quarter in 2013, which indicates the level of underwater homes will stay in the red for longer than many hoped.

So what does this means for Southern California homeowners and our real estate market? The answer depends on each unique situation. Homeowners cresting the equity line will either realize some return if selling, while others will experience a ‘wash sale’, which is a sale without any monetary realization, but not a short sale neither.

Are you considering buying or selling your Southern California home? Do you want to investigate further how much equity you could have, if any? Call or email us anytime to discuss your particular situation:

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San Bernardino Short Sale – Can I Short Sale My San Bernardino Home?

May 2, 2013 By GarrigusRealEstate

Short Sale San Bernardino Home

Most now understand what the Short Sale Process is now considering most of the real estate market in California consists of short sales and foreclosures. But do you know how a San Bernardino Short Sale will specifically affect you and your family’s financial future?

Every San Bernardino Short Sale is different, with varying outcomes and options because of circumstances, the type of mortgage or mortgages that are on the home, the lender or lenders these mortgages are with, and more. The best way to understand your specific situation is to talk in detail with us. You can call or email us using the information at the bottom of this article. Or you can visit our Real Estate Short Sale Formula by clicking here: Can I Short Sale My San Bernardino Home?

We understand how difficult the decision must be for you and your family to Short Sale your San Bernardino Home. We try to build the bridges between our clients and their Lenders, to ensure they receive the help they need to avoid foreclosure. We have direct connections to short sale lenders and we work directly with you and for you to achieve a goal that is in your best interests.

We are Certified, Licensed, and Approved to negotiate a Short Sale with all Lenders in California. We have Successfully Closed Short Sales with the following major Lenders: Bank of America, Aurora, Chase, CitiMortgage, Credit Unions (Many), GMAC, Green Tree, ING, NationStar, PNC, SunTrust, US Bank, Wachovia, and Wells Fargo, to name a few. Our extensive experience gives us the ability to achieve a smooth, successful short sale of your San Bernardino home.

Call Now to Explore Your San Bernardino Short Sale Options:

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Real Estate Short Sale Help

Short sales in California are a fact of life. No one wants to short sale their home. But if you need to, you need to be informed. We can help. Just fill out the form below and we will get back to you A.S.A.P.:

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Wait No More… It’s Time to Buy a Home!!!

January 29, 2013 By GarrigusRealEstate

First-time home buyers have had it rough the past few years. It’s been hard for them to know when to jump into the market, and when they do they get beat up with various market conditions, regulations and lenders that take out on buyers the mistakes the banks made in the mortgage markets.

And even now with inventory low and short sales that could test the patience of Gandhi himself, buyers must realize that prices are on the rise, but interest rates are incredibly low. Yes, lack of homes for sale make it tough and every home priced sensibly has multiple bids, but right now is an amazing time to jump in.

Below you will find a few charts that compare California, Los Angeles and Inland Empire entry-level prices, payments, taxes, etc. to help understand these real estate markets.

And if you need help finding a home use these links here:

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