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Archive for the 'Foreclosure Prevention' Category

June 19th, 2009

That Carlsbad Foreclosure is Doing More Than Just Dropping Your Property Value

Categories: Carlsbad, Communities, Foreclosure Prevention, La Costa, Market Trends, San Elijo

We already know those Carlsbad, San Elijo, and La Costa foreclosures are dragging down our property values. In many La Costa and San Elijo neighborhoods in particular, the foreclosures and short sales alone have caused our property values to decline over 25%. If you, as a La Costa or Carlsbad real estate seller, have to sell your home – you are competing with that La Costa or Carlsbad foreclosure next door, or the next street over. Read the rest of this entry »

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June 5th, 2009

Really? Every 13 Seconds?

Categories: Foreclosure Prevention

La Costa Foreclosure            As of this week, 1 million new foreclosures have been filed in 2009, according to estimates by the Center for Responsible Lending, a nonprofit research and policy organization dedicated to preserving home ownership.
A new foreclosure starts every 13 seconds – nearly 6,500 a day (many in La Costa, Carlsbad, and throughout San Diego).

And although we look around and think, that’s horrible for the families losing their homes – it really is costing ALL of us money. It is causing declining property values, the inability to get loans, decreased consumer confidence, and ultimately reduced consumer spending.
If you or someone you know are facing foreclosure, please contact us. We may be able to help you investigate your alternatives.

If you, or someone you know is facing foreclosure, please contact us.  We may be able to help or at least answer any questions you may have.

Source: Center for Responsible Lending (06/01/2009)

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May 30th, 2009

Has There REALLY Been Help For Homeowners?

Categories: Foreclosure Prevention

San Diego Foreclosure Prevention:
One of the first things President Obama tried to do when he took office, was to kick off the Help For Homeowners Program (H4H).  This was meant to be a “fairly” widespread program that was targeted to help at least $400,000 families save their homes from foreclosure.  Unfortunately, the program didn’t have the desired effect – helping only ONE family!  This doesn’t do much to help our La Costa or Carlsbad neighbors prevent losing their homes to foreclosure.
On May 20th, the Obama administration signed The Helping Families Save Their Home Act.  This is designed to increase home prices through reducing La Costa foreclosures.  This new act is designed ease requirements to qualify for aid and refinance underwater mortgages and to require lenders to provide principal write-downs for mortgages that are under water.
For more information, go to

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Mike DRE 01711050
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