Late stage foreclosures pushed filing figures higher in the opening quarter, suggesting that banks may be chipping away at distressed properties clogging the system. US housing prices continued their downward trajectory, while the strong presence of first-time buyers in March provided some steam to a mostly tepid recovery. See the following article from Property Wire for more on this.
Recent talk of a recovery in the US real estate market has been dealt a blow by the latest figures that show foreclosures still rising and prices falling.
Foreclosure filings including default notices, scheduled auctions and bank repossessions rose 7% in the first quarter of 2010 compared with the last three months of 2009, the most recent figures from RealtyTrac show.
Some 932,234 properties, or one in every 138 US housing units, received filings. During March alone, 367,056 properties received filings, 19% more than in February and 8% more than the same time last year.
The Short Sale Doctors, Realtors, and Stewardship Properties partner together for successful short sales. See YOU & US.
~ Why Agents LOVE Our Service ~
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Together We Create 6 WINS…
A Win/Win/Win/Win/Win/Win Situation!
1. A WIN for the Seller: Relieve over-leveraged homeowners from the pain of foreclosure and having their credit report badly damaged. They can now start a new chapter in their life.
2. A WIN for the Lender: Our packets go to the lender in perfect order so that they can process and negotiate the short sale in the most streamlined way possible. A successful short sale brings them greater financial return than the alternatives of an auction or REO sale.
3. A WIN for the Realtor: Collect a FULL commission and do what you do best–buying and selling real estate. By using our services you will not get bogged down with the paperwork, calls and interactions with overwhelmed loss mitigation departments. When we buy the house (over half the time), agents can receive even more commission.
4. A WIN for Us: We seek to get paid a loss mitigation fee from the short sale lender. In many cases we end by purchasing the home ourselves and making a larger profit margin from a subsequent sale.
5. A WIN for the new Buyer: Now that the property’s price has been appropriately discounted for the market, it is much easier to attract a new homeowner.
6. A WIN for our City & Country: In a small way we hope to contribute to healing our nation of the debilitating financial crisis brought upon by the increasing foreclosure rate. This will revitalize our economy and lead the world out of a damaging recession.
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SALEM OFFICE(503) 365-7070. . . .EUGENE OFFICE (541) 343-7070 2055 Liberty St. NE, 97303 . . . . . . . 1247 Villard Street, 97403 . . . .
Kind Words We Appreciate…
The Short Sale Doctors & Stewardship Properties’ staff,
Scott and I want to thank you all for the incredible work you did on the short sale of our home.
The months surrounding our looming foreclosure date were filled with a lot of doubt, fear, and anxiety. The moment I spoke with Margo, we were convinced to give Stewardship’s services a shot. It saved our financial future and our sanity. The shortsale process was unbelievably simple for us as homeowners in comparison to the months of struggling to communicate with our mortgage holder.
Jered did a phenomenal job of keeping us updated on the status of the settlement process. Every member of the Stewardship Properties’ team treated us with utmost respect, kindness and empathy through one of the most difficult times in our life. Our time was running out, foreclosure was closing in, and Stewardship Properties rescued us with time to spare.
We are very grateful for all of you, what you stand for, and the work you do.
