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Featured Foreclosures

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Foreclosures| California Foreclosures
 
 
 
Quick Facts:
  • Foreclosures Have More Than Doubled In the Last Year in California
  • $1.5 TRILLION DOLLARS in Adjustable Mortgages Will Reset Within the Next Two Years
  • California Leads the Nation with Properties Purchased Using Adjustable Rate Loans.
Between the Years 2003-2006, the Percentage of ARMs in relation to total mortgages was as high as 74%
 
 
Homeowner Facts:
Over two thirds of homeowners do not realize that their lender has workout options available to them to avoid foreclosure
Most homeowners never contact their lender during the foreclosure process
28 % of homeowners with ARMs cannot identify the interest rate index to which their rate adjustments are tagged
35 % of homeowners don't know how much their interest rate could increase at one time
41 % of homeowners don't know their mortgage interest rates potential maximum.
80% of "Option ARM" borrowers select minimum payment option. This creates a negative amortization of their loan.
(their loan balance grows each month)
Most Homeowners facing foreclosure don't realize that a lender may accept a short sale. 

Homeowners in Foreclosure do not realize
that Harvest Properties can help them before it is TOO LATE! 


For additional information, and help on avoiding Foreclosure, submit your contact information

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