Here is how, Asset Liquidators can help you
arrange to purchase your new home
and sell your old one on a Short Sale. Asset
Liquidators can help to arrange
financing for your new home. You can buy
your new home in as little as one day
after you close escrow on the sale of your old
home sold on a Short  Sale. Your credit will only
be minimally effected assuming you stay current
on your payments. Asset Liquidators is on the
forefront of this ground breaking strategy.
  An alternative is to buy your new home and then
sell your old home. Once it has closed escrow,
the existing home can be sold via a Short Sale
as described in Part One available
at: www.freeshortsaleservice.net.

 As for how to get a home at a bargain price,
when you are competing against many
other buyers,  look for Part Three of this series
next Sunday or contact Steve Spiro
at Asset Liquidators at 949-212-3492.

Now that home prices have fallen refinancing or
selling  your existing home may seem
impossible due to lack of equity in the home.
If you find yourself in this predicament,
there is a solution. This solution is being offered
by Steve Spiro, Broker of Asset
Liquidators. It is called a Short Sale.
A “Short Sale” is a program offered by most
banks at no cost to you that with the professional help
of  Asset Liquidators, will allow you to sell
your home for less than you owe on it. This
can be done at no cost to you and a
"Short Sale” can release you from further liability
for unpaid loan balances and HOA dues.
The bank  waives the portion of your
loan that does not get paid off at close of escrow.
The Short Sale process can be comp-
leted in as little as 60 days but can take up to
6 months to complete. In  some cases,
the new owner can sell or rent the property back
to you at a reduced price. In this
situation you do not have to move.

 A Short Sale is a far better solution than just letting
the bank take your home. The benefits for the
homeowner are numerous and include avoiding
foreclosure, deficiency judgments and allow the
homeowner to stay in the home longer without
making payments. There are no fees or out of
pocket cost to the homeowner for this service.
It is important to know that if you have more than
one loan on your home and your loan (s) were
obtained after you purchased the home (such
as a refinance or HELOC), the second loan will
not go away with a foreclosure. Nor will any unpaid
HOA fees.

With a properly handled Short Sale, all of your
lenders, secured taxes, HOA dues and cost of
sale will be paid off at close of escrow no cost to 
you.

 If you are facing a real estate problem, as so
many people are these days, consider a
Short Sale as the free solution to dispose of
upside down real estate.  The transaction
is highly specialized and must be handled by
a specialist for a good outcome.

 For more information or help structuring  your
transaction , contact Steve Spiro,
a California Real Estate Broker with 30 years
of real estate experience specializing in
Short Sale solutions. He can be reached at
949-212-3492
Or by Email at: Steve@Asset-liquidators.net






Real Estate Troubles?                     
 Published:

 There are solutions to today’s  real estate problems.
 Many of us have run into problems with our real estate because of a variety of reasons, they range from job loss, reduced income, resetting interest rates and tighter lending standards. When we purchased our homes we may have had the idea that we could sell or refinance them if needed.  Now that home prices have fallen, refinancing or selling may seem impossible because of your lack of or negative equity in the home. If you find yourself in this predicament, there is a   solution. One such solution is being offered by Steve Spiro, Broker of Asset Liquidators,
and is called a “Short Sale.”
 A “Short Sale” is a program offered by most banks at no cost to you that with
the help of a real estate broker specializing in short sales will allow you to sell your home for less than you owe on it. This can be done with at no cost to you and can release you from further liability for the unpaid loan balances and HOA dues once completed. The bank simply waives the portion of your loan that does not get paid off at close of escrow. This is not an easy task to accomplish on your own. It takes a very experienced and knowledgeable real estate broker to accomplish this successfully.  This procedure can take 2 to 6 months or more to complete.  The beautiful thing about this procedure is that you don’t pay a dime for this service. In some cases the new owner will be an investor that can rent the house back to you so you don’t have to move.

A Short Sale is far a better solution than just letting the bank take the home back.  The benefits for the home owner are numerous and include avoiding foreclosure, deficiency judgments and allowing the homeowner to staying in the property longer without making payments. There are no fees or out of pocket cost to the homeowner for this service. It is the right thing to do to get out of the situation with dignity and control.  It is important to know that if you have more than one loan on your home and your loan(s) were obtained after you purchased the home (such as a refinance or HELOC), the second loan will not go away with a foreclosure. Nor will any unpaid HOA fees.  With a properly handled Short Sale, all of your lenders, secured taxes, HOA dues and cost of sale will be paid off at no cost to you at close of escrow. So if you are facing a real estate problem, as so many people  now are, considering a Short Sale as the free solution to dispose of  upside down real estate. The transaction is highly specialized and must be handled by a specialist for a good result. For more information contact the author of this article, Steve Spiro, a California Real Estate Broker with 30 years of real estate experience specializing in Short Sale solutions. He can be reached at 949 212-3492 or by e-mail at:

Steve@Asset-Liquidators.net. 

http://freeshortsaleservice.net

 

Underwater Mortgages Could Sink Even Deeper
Published: Monday, 16 Nov 2009 : Diana Olick, CNBC Real Estate Reporter

Home prices may be stabilizing in some areas in the nation,
but the damage has already been done in the housing markets
that saw the biggest boom and in turn the biggest bust.
Home buying in these markets reached a frenzied pace during
the middle of this decade, and that means that a good portion
of buyers purchased homes at the top of the market. No surprise
that they have now sunk deepest underwater on their mortgages.

A new survey from Zillow.com shows that even in those markets
where the investor competition has returned and prices on the low
end are beginning to stabilize, Homeowners
STILL OWE FAR MORE ON THEIR MORTGAGES THAN
THEIR HOMES ARE CURRENTLY WORTH.

Las Vegas leads the way with 81.8 percent of borrowers underwater
on their loans in the third quarter of this year, down barely one percent
from the second quarter but still up 10 percent from the first quarter.

The bulk of Underwater borrowers are in California, Florida, Arizona,
and Nevada. While home prices nationwide were down 8.5% in September
from a year ago, prices in these states are still way down-- 34% in Las Vegas,
26% in Orlando, 23% in Phoenix and 11% in Los Angeles (National Association
of Realtors). Again, that's from a year ago, but many of these cities have seen
over 50%PRICE DECLINES from the peak of the market.
Some argue that "UNDERWATER" borrowers are no different than any other
borrowers, as long as they continue to make their monthly mortgage payments,
and as long as they continue to want to live in their homes, knowing they will
have to wait out the market for home equity to gradually return.
But the danger is for those that need to sell, or for those who can no longer afford
their monthly payments and don't qualify for a loan modification.
The government mortgage rescue programs do allow for modifications and
refinances on homes with up to 25% NEGATIVE EQUITY, but many homeowners,
specially in the hardest hit regions, DON'T THINK THEY WILL EVER SEE EQUITY AGAIN,
and therefore see no reason to continue making payments on their loans, whether they are
able to or not. Many are simply sitting in their homes, rent-free, as banks struggle to catch
up and contact them. Others are vacating the homes, mailing in the keys, and choosing a
credit hit, rather than be strapped to a home that WILL ONLY EVER BE A LIABILITY.

Home prices are improving, but there is a lot of government stimulus behind that improvement.
The extension and expansion of the home buyer tax credit, as well as artificially low mortgage
rates backed by the Federal Reserve's purchase of GSE loans and securities, will all expire
by the middle of 2010, so it remains to be seen whether the very tenuous recover we are now
seeing in housing can endure on its own. As foreclosures and unemployment continue to rise,
the potential for a DOUBLE DIP IN HOME PRICES IS VERY REAL, and
BORROWERS UNDERWATER NOW WILL ONLY SINK DEEPER.