Why Might Short Sales Stabilize the Real Estate Market?

I hear from lots of prospective buyers that want to get a list of Tehachapi foreclosed properties so they can look for the “best deal.”  The truth is a foreclosed property may not be the best deal whether you are the occupant of the foreclosed home, or the prospective purchaser. As the occupant, if you are just waiting for the foreclosure to go through, you’re not really doing yourself, or your neighbors, any service at all.  I understand that the entire situation is distressing and…

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Single Family Homes are a Good Investment Opportunity in Tehachapi

Investors looking for real estate opportunities may choose to look in Tehachapi. Although the foreclosures plaguing the Kern County area are unfortunate for the former homeowners, they present an opportunity for both the homeowner and for investors. All these folks who have found themselves upside-down and unable to pay their mortgage payments still need a place to live. Their payment problem may be the result of having purchased for top-dollar at the height of the boom. Now, market values have slipped so far that even…

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Is Foreclosure in the Future for every Tehachapi Homeowner?

Wow, have you talked to your neighbor lately?  Does the conversation seem to come back to some other friend or acquaintance that’s struggling to pay their mortgage?  Worse yet, are you the one that’s having the trouble? As I’m sure you’ve figured out by now, homeowners that are upside-down are not in limited company anymore.  The economy is tough for everyone.  If you are one of those folks, I truly sympathize with your plight. If you are a regular reader, you already know that there…

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Is Walking Away from Your Mortgage Acceptable?

You hear about it happening more and more frequently — homeowners walking away from their mortgage.  Is this a good idea for Tehachapi homeowners?  This is a tough subject for most of us.  Those of “a certain age” could have been counted on to answer a resounding “No!” to that question even a few years ago.  But the times, they are a changin’. A recent study indicates that the majority still think abandoning the debt they incurred for the house is wrong, but the split…

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