How Important Is It To Keep Your Home? It May Not Make Sense

http://TheCapstoneTeam.com (510) 432-0617 Derick Drumm of The Capstone Team at Keller Williams - Two Names You Can Trust - Discusses the effect that the drop in housing prices over the last few years and how it is impacting people who purchased during that period of time.

We completely understand that people want to keep their houses - we want to keep ours too. Sometimes, when you are in the position of potentially losing your home, emotion takes over and logic goes out the window.

In this video, you will see how with a current value of your home $200,000, a loan on the property of $400,0000 that even in 10 years, you may still be underwater. You will also not that in 10 years, you will have paid in to the mortgage more money than your home will be worth at the end of 10 years even with decent appreciation in value.

The bottom line is: if you have a financial hardship, a short sale may be the remedy to giving you a fresh start, getting out from under this loan that is costing you more to keep than it is worth, and start anew.

If you have any questions about this video, Real Estate in General or short sales, contact us. We will be happy to answer your questions, and want to ensure that you get the right answers the first time.

Short Sale
Short Sales
Does a Short Sale Make Sense
Foreclosure
Avoid Foreclosure
Loan Mod
Loan Modification
Fremont
Union City
Newark
Hayward
Dublin
Pleasanton
Livermore
CA
California

Category:

People & Blogs

Tags:

• Short Sale
• Short Sales
• Foreclosure
• Loan Mod
• Fremont
• Union City
• Newark
• CA