Facing foreclosure, short sale or worse?

If you or someone you know is facing the possibility of having to get out from under debt tied to a house that has been drastically reduced in value, have lost a key source of income or just want to sell their house for various reasons, Alan Hoffman at Homegate Realty is the man that can help.

This was the second time that I've listened to Mr. Hoffman speak at a ProNet general meeting and he doesn't disappoint.  Above all, he makes it clear that he and his staff are there to help.  And in this odd time of people scrapping, Homegate is really showing themselves to be one of the "good guys".  A clear message was don't fall prey to someone who is claiming that they can readjust your mortgage.  Much of the work can be done yourself.  Or Homegate can help you with negotiating the banking waters.

Also, there is a process by which banks conduct short sales or foreclosures.  You need to do the homework as well as getting over the idea that you have to keep your house at all costs.  The financial hole that some people are digging for themselves, potentially ruining credit and adding unneeded stress in their lives all can be mitigated to some extent.  The answers may not be pretty yet the financial and family pressure can be eased somewhat.  And Homegate can help you with all this.

And there is certainly enough statistics and prognostications about the future of the housing market.  We could see another 20% reduction in values in Reno-Sparks market.  Prices may not come back for decades.  So what does this all mean?  Where my parent's generation valued home ownership, thought that prices would always go up and wanted a place for the kids to always come home to, our time will mean something completely different.  Where and how you live will be more and more a financial decision than one of the heart.  Attachment to a physical property will not mean as much.  This does make me sad when I think about my parents living in the same house for over 45 years and the sense of security that they have.  Will we as a society become more attached to a certain region because we can't be mobile anymore?  Or will we be renting more in order to be more mobile?  Will technology play a part in the rate of mobility of society?  Will foreign investors see an opportunity due to depressed prices?  At what point will the market begin to bottom out?  All good questions, yet one thing that has forever changed back to the way it was - real estate is once again a long term investment decision.  Long gone are the days of flipping property or moving up quickly or transferring to another metro area at the drop of a hat.

So many factors in buying real estate now compared to five years from now.  And because there are many more complications, I would highly recommend Alan Hoffman and Homegate Realty to help with understanding the constantly changing real estate market.  Especially if you are looking for someone with a "white hat".