B of A and Short Sale help

If struggling homeowners aren’t interested in $150,000 free gifts how are real estate investors going to motivate them to sell at big discounts?  If homeowners reject help aren't they going to get the worst possible results for themselves?

Bank of America claims an incredible absence of takers on a $150,000 principal reduction offer sent out to 60,000 borrowers. Why aren’t borrowers responding and what does that mean for real estate ?

Clearly a big part of the reason homeowners aren’t responding to letters like this is that they are just burnt out from all the mail and marketing they receive once they become delinquent. Of course many just don’t trust the banks anymore and with good reason.

Additionally many experts doubt whether major lending institutions are really making good faith efforts to assist homeowners under their obligations which were a part of the multibillion dollar mortgage settlement. Review have found the system fraught with incorrectly calculate income used to deny loan modification requests, borrowers being given the run around on the phone and ‘lost’ paperwork, which one attorney has suggested is merely a tactic to avoid granting modifications and short sales.

So what does this mean for real estate?  Firstly is suggests there are thousands of homeowners out there who still desperately need help.  Homeowners should seek professional help and either keep their home if possible or exit gracefully.  Foreclosure is the worst possible option so homeowners in distress really need to explore their options, pick the one that's right for them and take action.  Avoiding a problem will make it worse, we can do better.

Explore Short Sale options here:
San Francisco Bay Area

Mortgage relief and debt forgiveness

Here's my home site for all your real estate needs:
Better Homes & Gardens

Let's talk soon,

Spencer

Better Homes & Gardens in San Francisco

Record tight inventories are making it increasingly difficult for growing numbers of buyers,
homebuyers who are creating multiple-bid environments in markets that haven’t seen buyers
trying to outbid eachother on San Francisco Bay Area homes in six years.

It's still a great time to buy an home if you can find the one you want.  Find a buyer's agent
you like and trust, me, I only work with qualified buyers.  If we know what we're looking
for and are ready when it comes along we improve our chances.

The housing market has turned-at last. The U.S. finally has moved beyond attention-grabbing predictions from housing "experts" that housing is bottoming out.  That's great news for sellers.
We're here to help you find out what your property is worth and how to get the best results.

The numbers are now convincing all over America but this is especially true in San Francisco
and the Bay Area.  We have an exceptionally strong economy, a crazy rental market and
are experiencing leadership in today's creative businesses.  These are the jobs and the companies
that will keep San Francisco and Silicon Valley strong.

Here's the best source of information on the housing market.
It's the place to find home you want or the right buyer for the home you have.

Better Homes & Gardens

Distressed Homeowner Help

There is help for homeowners in distress.  Visit the site and see what we can do for you.

Help is Here