Anaheim Hills foreclosures are very minute relative to homes for sale. As of today, there are only 6. That is a tiny number compared to the hundreds in other areas. It is a tiny number period. So why are Anaheim Hills foreclosures not as rampant in these great hills of ours?
Simply stated, Anaheim Hills homeowners were a lot more responsible than their neighbors when taking on the responsibility of the loans and more importantly when evaluating their decision to purchase a property. It is something that should be applauded.
What about those properties that are shortsales, why are they not going through the foreclosure time line? Primarily, it is the lenders obligation to protect the best interest of the investor that originated the loan. So once a loan is not performing, it is vital that the lending institution reach a decision that will not cost the investor to lose more funds. Savvy loss midigators also establish a realistic sales price that will attract ready, willing and able buyers. Foreclosures tie up the lenders funds and the period before a foreclosure also increases the percentage of non-performing loans in the lenders portfolio, a percentage that they strive to keep low. So it is in their best interest to remove the property from their books, as soon as possible and well before it completes the foreclosure process. Foreclosures are expensive and time consuming by their very nature, but even more so now in this time of market transition where a trend of depreciating real estate is the norm, a property will more than likely net considerably less money if it is sold 6 months from now than if it is sold at a reduced price today. It is about being ahead of the market rather than chasing it; a principle that if applied correctly, will ultimately create a more favorable return.
For list of all available foreclosures in Anaheim Hills with no obligation, e-mail Luis@LuisGallardo.net
“PUSHING THE STANDARD”
Luis Gallardo Anaheim Hills REALTOR
TARBELL, REALTORS
( 888 ) 477-4610 – Office
(714) 702-0713 – Direct
Luis@LuisGallardo.net – Email
www.HomeSellerInformation.com
http://www.tourochomes.com/
Instead of taking the chance of having to do a short sale down the road, I priced my house just below the most similar house for sale in Anaheim Hills. I closed escrow within 50 days on my old house and the new one I purchased. It’s a relief looking back now because had I waited even just 3 months I think it would have sold for much less.
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