Why a Foreclosure Doesn't Mean your Home Ownership Dreams are Over

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If you have ever gone through a home foreclosure, you know how difficult of a situation it can be. Losing your home is not an easy thing to go through, and it may make you question whether you will be able to be a homeowner again.

I have invited back Rick Mount, an experienced mortgage professional, to let you know how you can get back into the San Gabriel Valley market after your home is foreclosed on. Here are some highlights from Rick's time with us. There is some really great information here!

• The market is really beginning to open up. After we went through the great credit crisis a few years back, there was an abundance of foreclosures, bankruptcies, and short sales in the San Gabriel Valley market. A lot of people are dealing with situations that have impacted their credit in a way that doesn't allow them to qualify.
• There are some exciting new programs being brought out through the Federal Housing Agency to help first time buyers as well as previous foreclosed home owners.
• If you have had a foreclosure or short sale, by using FHA financing you may be able to qualify for a mortgage loan only a year after your home is foreclosed on.

We really want people to be aware that it is very possible for them to qualify for this type of loan. The San Gabriel Valley market is still hot this time of year, with low rates that are expected to rise. If you or somebody you know have had a foreclosure or short sale, we can help you get back into a home today. Let us look at you individually to see if we can help create your path back to home ownership.