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| Ladera Ranch Short Sale Information and Assistance |
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Ladera Ranch Short Sale Experts
Like many in Ladera Ranch, if your home is now less than what you owe on it and you can no longer make your mortgage payments, foreclosure may not be your only option. While there are negative consequences to Short Selling your Ladera Ranch home, many Ladera Ranch homeowners find that their credit may be repaired over a shorter period of time than having a foreclosure on their credit records.
Ladera Ranch is a magnet for Short Sale properties due to the dramatic fall in prices from the high point. Unfortunately, properties that have foreclosed or other Short Sale properties that sell become the new comparable sales and, in turn, affects other homeowners who now find that they are owe more than their home is worth.
If you have missed a house payment and are considering a Short Sale of your Ladera Ranch home, you may be just a step ahead of a foreclosure. Many banks today prefer not to foreclose when they can negotiate a reasonable Short Sale settlement. For the Ladera Ranch home owner, one of the advantages of Short Selling is to not have a foreclosure on their credit record. By using Short Sale agents, like The Hartanov Team who understand the Short Sale process, you have a greater chance for success as they are effective in negotiating with the bank(s) for a payoff for less than what you owe and extinguish the remaining balance(s) on the settlement or bank offer.
As you can see from the chart below, 65% of Ladera Ranch properties that have sold though March 28 in 2010 are distressed properties, short sale or foreclosure. Predictions are that this number will increase due to Ladera Ranch homeowners opting for a "stategic short sale". This is when the family decides to short sale their home as they are so far upside down and it may be years before they have any opportunity of getting any equity back. They decide that it makes no financial sense to continue to make payments. Learn more about the foreclosure market at Foreclosure Trends - Foreclosure Market.
| Total Ladera Ranch Property Sold in 2009 |
477 |
| By standard sale |
194 |
| By Short Sale or Foreclosure |
273 |
| Ladera Ranch Property Sold January 1 to March 28, 2010 |
102 |
| Active listings (as of March 28) |
140 |
| In Backup or Pending Status (as of March 28) |
181 |
| Sold properties by standard sale |
37 |
| Sold properties by Short Sale or Foreclosure |
64 |
Ladera Ranch Short Sale Help
To learn more about the Short Sale process and to avoid a possible foreclosure of your Ladera Ranch home, contact The Hartanov Team or call us at 949.481.3739 today.
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