Mortgage Relief with Loan Modification Opportunities

The foreclosure crisis has nearly devastated the California economy. Housing prices kept plunging in California in January as low-cost foreclosures drove the market, a real estate tracking firm said today. The median home price in a nine-county region of Northern California dived a remarkable 45.5% from a year ago. The figure stood at $300,000 last month, compared to $550,000 in January of 2008. Millions of Southern California homes are now underwater with mortgage balances greater than the value of the home. Of those under-water homes, 41.2% of these home loans came from properties purchased less than five years ago. The worst value stricken cities are located in the where the sun shines bright. Riverside, San Diego, Orange County, Los Angeles and Las Vegas, 61.4% of all primary residence homes are underwater.

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• loan
• modification
• Mortgage
• Relief
• California
• Foreclosure
• foreclosure
• prevention