Gilroy Short Sales

Shifting economic winds have left millions of Americans feeling financially stranded and not knowing where to turn. 

For homeowners who have lost their jobs, spent through their savings and now find themselves with a mortgage payment they can no longer afford on a home that’s worth less in today’s market than the amount they owe their bank, there are no easy answers.

Helping clients to figure out their best course of action within a market that’s nothing like any of us have ever dealt with before requires an entirely new level of expertise and training. That’s why we’ve sought out the Certified Distressed Property Expert (CDPE) designation—the most recognized and respected training on distressed properties in the real estate industry.

Most importantly we tapped into a network that holds its members to the highest standards of ethics and expertise.

We invite you to visit our website and contact us if you know someone you know who we could help. And please feel free to refer our contact information to others within your sphere.

Sincerely,

Lisa & Pete

www.LPFproperties.com

California Prices-Gilroy and Morgan Hill

California home prices fell 6.2 percent in the year ending in August, 7th biggest drop among the states, according to new data from CoreLogic.

That drop is calculation from all sale transactions in the state. Curiously, when distressed transcations are removed from the math by CoreLogic — homes sold after foreclosures or by sellers getting less than the mortgage owed — California pricing was only of 0.8 percent in the year.

In our local tri-county area we are seeing a trend to level off.  Prices in the Gilroy and Morgan Hill area are holding and buyers are coming out to take advantage of the opportunities.  

I think people should put fear aside and know that in the past 40 years the stock market has dropped 11 times, while the Real Estate market, only 3.

Know anyone experiencing mortgage troubles?

Those of us who bought a home over the past five years or so, had no idea about the kind of economic upheaval that was going to follow. In fact, it appears that no one actually anticipated what was in store.

But here we are. An estimated one fourth of the mortgage holders in the country owe more on their home than its current market value. One out of seven are in some state of default or foreclosure. And possibly the most troubling statistic of all: the vast majority of homeowners who end up foreclosing on their home, do so without ever reaching out for help or attempt a short sale.

As a Certified Distressed Property Expert (CDPE) it is our mission to help homeowners to avoid foreclosure and to get their lives on a positive path. If you or anyone you care about is faced with an unmanageable mortgage, please know that we are here to help. We invite you to visit our website or forward this link www.LPFproperties.com for a copy of my most recent report entitled, “Need a Helping Hand? If your Mortgage and the Market Have Tossed You a Curve, You’re Not Alone.”

More help is available for financially distressed homeowners than ever before. This is no time to go it alone, and the time to contact us about getting on path toward financial stability is NOW!

Sincerely yours,

LIsa & Pete

408-857-9924

831-206-0775