RE/MAX Lakeside sells Lake Arrowhead Real Estate

RE/MAX Lakeside: YOUR CERTIFIED DISTRESSED PROPERTY EXPERTS!

Distressed properties exist in all market segments in all price points and in every state in the country. With foreclosures at an all time high and expected to get even higher there is no category of residential property that will not be affected.

The overwhelming challenge in the residential market will soon begin to affect the commercial property and as commercial becomes an issue more residential will be an issue. This spiral downward in property values will take time to play itself out at which point we will see stabilization in the market.

What is a distressed property?

1. Property that is or will soon be in some stage of the foreclosure process.

2. Property owned by a person or persons who are or are experiencing a period of financial instability.

3. Property of which the mortgages totals an amount higher than the current value and an owner must sell.

In 2006 there were a total of over 1.2 million foreclosure filings nationally, this equated 1 out of 92 households nationally and in California there were 1 out of 86 homes. In the first quarter of 2007 foreclosure activity was up 55% from 2006 with a total of 925,986 filings in only the first 6 months of the year.

If you fall into one of the categories above you need to contact RE/MAX Lakeside and speak with one of our CERTIFIED DISTRESS PROEPRTY EXPERTS today. We specialize in handling

Contact RE/MAX Lakeside at 909-337-9999 for more information about Distressed Properties.