Los Angeles, CA – 04/01/23 – As interest rates continue to climb, many distressed homeowners are feeling the financial strain. Higher interest rates mean higher borrowing costs, which can lead to difficulty in making mortgage payments and even foreclosure. In this blog post, we'll explore how rising interest rates are affecting distressed homeowners and what they can do to manage their finances. The Impact of Rising Interest Rates on Distressed Homeowner For homeowners with adjustable-rate mortgages (ARMs), rising interest rates can lead to significant increases in their monthly payments. ARMs typically have lower initial interest rates that adjust over time based on market conditions. Continue Reading about How Rising Interest Rates are Affecting Distressed Homeowners

Los Angeles, CA – 03/01/2023 – As the COVID-19 pandemic continues to impact individuals and families across the country, many homeowners have turned to forbearance as a means of managing their mortgage payments during these difficult times. While forbearance can provide much-needed relief, it's important for homeowners to understand the benefits and risks involved. As a trusted real estate agent in the Los Angeles, CA area, I wanted to provide some insights into what forbearance is, how it can benefit homeowners, and what potential risks they should be aware of. Forbearance is an agreement between a homeowner and their mortgage lender to temporarily suspend or reduce their monthly Continue Reading about Real Estate Agent Highlights Benefits & Risk of Forbearance for Homeowners!

The last couple years brought dramatic change to the U.S. real estate market. Beginning in 2020, home prices increased dramatically, rising month after month and often by double-digit percentages! From Q3 of 2012 to Q3 of 2020 (ten years), we saw the median home price go from $248,800 to $335,500. This was an average of 3.9% in annual appreciation. BUT from Q3 of 2020 to Q3 of 2022, home prices went from $335,000 to $454,900. Yes! In the past two years, we have seen an average of 16.5% in annual appreciation. Huge appreciation and potential equity gain! While there are millions of homeowners who have built significant equity, there are millions more who recently purchased, or recently Continue Reading about Equity Gain Doesn’t Always Happen for Everybody!

Do you know how much equity you have in your home today? While people tend to check other investments regularly, such as stocks and retirement accounts, most do not reassess the value of their biggest investment—their home—nearly as frequently. However, just as with other investments, it is important to regularly check how much equity you have in your home, so you know where you stand Over the last two years, the housing market has rebounded significantly, and with-it home prices rose faster and more dramatically than anyone predicted. As home prices continue to rise, more and more homeowners are regaining equity in their homes. In fact, last year, more than three million homeowners Continue Reading about When Was The Last Time You Reevaluated Your Equity?

What is a Los Angeles CDPE? A Los Angeles Certified Distressed Property Expert is a real estate agent trained to help homeowners avoid foreclosure. A Certified Distressed Property Expert, or CDPE has specialized training with the complex issues confronting distressed homeowners. Foreclosure avoidance options available to homeowners. Through comprehensive training and experience, CDPEs are able to provide solutions for homeowners facing hardships in today’s market, specifically short sales. Are you behind on your house payments? Are you facing Foreclosure, Pre-Foreclosure or Notices of Default from your lender? You may be surprised at the options available to you. You might not have to walk Continue Reading about Los Angeles Certified Distressed Property Expert