Myth #1: The homeowner must fall behind on mortgage payments in order to qualify for a short sale. Debunked: Years ago this may have been true, but not in 2012. A financial hardship must exist, such as the ARM (Adjustable Rate Mortgage) increasing in monthly...
Most buyer’s start their search online before they contact a realtor. This gives the buyer a feel for the market, but not always a true picture. After you have done some research online, you should contact a lender to determine the current mortgage rates, what you...
92315 Foreclosure Trends Embed this chart on your own page… Foreclosure Filings—Notice of Default filings are the first step in the foreclosure process. Notice of Trustee Sale filings set the date and time of an auction, and serve as the homeowner’s final...
Year to date this year the average price sold is $234,743 in the Moonridge area of Big Bear. Compared with $286,326 for the same period in 2011. That is an 18% drop in the average price sold. Most of the drop in the average can be contributed to the high price sale...
