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How Do I Save My Home From Foreclosure?

Friday, March 5, 2010
by Galand Haas

Good Monday Morning!

Our gorgeous Spring weather continues.  It sure beats what the East Coast is having.

Each week I receive a list of the NOD (notice of default) properties in the Eugene and Springfield area.  Unfortunately, the size of this list continues to increase week after week.  This indicates that more and more people are finding it hard to make their monthly home payment and are falling behind on payments to a point that their lender starts the foreclosure process with this notice.  The national and local economy has created an environment where there are just more and more people losing their homes. The latest numbers out indicate that as many as 1 in four home owners could go into default.  

A home foreclosure is very damaging.  It is hard on people both emotionally and financially.  For many people there is a very good alternative to giving their home up through foreclosure.  This alternative is called "Short Sale".  A "Short Sale" is a process where the home owner sells their home and then they are able to negotiate with their lender to take a deficiency pay off on their mortgage.  Not only can a "Short Sale" allow the home owner to remain in their home during the time of negotiation, but a "Short Sale" can also allow the home owner to have a much less devastating impact on their credit.  Today, most lenders would prefer that the homeowner goes through a "Short Sale" rather than losing their home to foreclosure.

The process begins by the homeowner first determining whether they qualify for a "Short Sale".  The Galand Haas Team helps many homeowners with this process.  Once we determine if the homeowner qualifies for a "Short Sale", we then put the home on the market for sale. Once we have a sale then we begin the process of negotiating with the lender on the "Short Sale".  There are only a few Real Estate agents in or area with the experience to help homeowners with the "Short Sale" process.  We are experts at "Short Sales", so if there is anyone you know who is facing foreclosure, have them contact us.  We just may be able to save them from a horrible situation.  They can contact us directly or visit our website at www.shortsaleeugene.com

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
3690 RIVER POINTE DR
Price: $485,000 Beds: 3 Baths: 2 Sq Ft: 2976
This beautiful home has a fantastic floor plan. It features wood floors, wall-to-wall carpet, skylights, canned lights, granite counters, stainless steel appliances, surround sound system, security system, vaulted ceilings, large bonus room. The mas...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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Eugene and Springfield Foreclosed Home list 2/12/2010

Monday, February 15, 2010
by Galand Haas

Here is your weekly list of foreclosed and bank owned properties listed for sale in the Eugene and Springfield area.  If you should want further information on any one of these homes or wish to view a particular home, please contact me.

Foreclosed Homes. Click on the following link to download this week's list.

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You Need to know Your Homes Current Value!

Monday, February 15, 2010
by Galand Haas

Good Monday Morning!

Happy Presidents Day!!!!!

Over the past several months I have completed several hundred Market Value Analysis reports for residents in the Eugene and Springfield area.  The primary reason for these reports is to give someone who has an interest or need in selling a home an approximate idea of what their home value is on the market today.  The typical result of this is that not only do the home owners go into sticker shock, but so do I.  Home values in most areas have dropped so drastically that even after doing hundreds of these reports and looking at hundreds of other homes currently on the market, the low prices of many homes in this market is shocking.  Not only are many prices well below county assessed values, but many of the homes are worth far less than what the owner paid for them. As we watch even more homes in our area go onto the nod (notice of default) list, the pressure on home pricing continues.  The more homes that we see go into foreclosure and short sale, the more pressure there will be on home prices.  Unfortunately, the nod list is not getting any less lengthy at this time.  This certainly could indicate that home value will continue their decline for quite some time in this market area.

If you live int he Eugene and Springfield or surrounding Lane County area you can easily get a good look at what your homes value has done.  Just log onto www.forhomesellers-nonSmartZip.com.  Here you can enter in the details about your home and quickly receive a complete e-mail report on your homes current market value.  The report will then be repeated and sent to you each month by e-mail.  It is just a great way to keep on top of what is taking place with your homes value.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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290 25th Street
Price: $165,000 Beds: 3 Baths: 2 Sq Ft: 1280
Very nicely updated home including brand new roof, vinyl windows, 100% Alder cabinets, Hardie plank siding, granite countertops, new appliances, new carpet, fresh paint, gorgeous fixtures on large lot w/ great landscaping in front. With a cute deck,...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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Buyers market continues in the Eugene and Springfield area

Monday, February 8, 2010
by Galand Haas

Good Monday Morning!

The statistics are in for December of 2009 homes sales in the Eugene and Springfield area and also for the entire year of 2009.  Looking at both December numbers and numbers for the years there was not any huge swings in the market.  The one notable item though is that the overall trend remains as a declining housing market for this area.  For December 2009 closed sales were up though and by a gain of 38.4% over December of 2008.  Pending sales also saw an increase and were up by 24% over December 2008.  New listings also saw an increase and were up by 26.9%.  The average number of days it took for a home to sell in December was 118 days. The inventory of homes for sale hit 7.1 months, which remains clearly in the category of a buyers market.  Remember 6 months of inventory is even betwen a buyers and sellers market, less is a sellers market and more is a buyers market.

For the year of 2009 closed sales were off by 1.3% from 2008 and pending sales were off by 3.3%%.

The market remains extremely divided as the majority of home sales continue to fall in the price ranges of below $250,000. The market above $400,000 is extremely tough and almost non-existent above $500,000. Don't look for any radical change with any of these trends in the next 12 to 18 months.

Have An Awesome Day!

THIS WEEKS HOT HOME LISTING!

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725 MOUNTAINGATE DR
Price: $485,990 Beds: 4 Baths: 2 Sq Ft: 3172
Entry / Living / Dining / Family Mocha Stained Wood Wide-Plank Floors in Dining & Entry Custom Shelving & Cabinets in Den, Family & Living Areas Natural Gas Fireplace with Stone Surround & Custom Mantel Large, Private Den/Library Powder Room Conveni...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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2/5/2010 Foreclosed home list

Monday, February 8, 2010
by Galand Haas
Here is the weekly list of foreclosed properties in the Eugene and Springfield market area.  If you should want further information on any one of these properties or wish to view one of these properties, please contact me.  There are some great buys included in this list.  
Thanks,
Foreclosed Homes. Click on the following link to download this week's list. 

BRAD WHEELER
Broker Agent
Office: 541-349-2620
Cell: 541-521-8409
E-mail: [email protected]

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It's a good time for move up and move down home buyers in the Eugene and Springfield market area

Monday, February 8, 2010
by Galand Haas

Good Monday Morning!

The first signs of Spring are appearing in the Eugene and Springfield area as the daffodils and tulips begin their annual appearance.  It won't be long until our Spring colors are here.

Is this a good housing market to trade up or down in?  This is a question that I am hearing more and more.  The answer is really a simple one.  Yes!  That is as long as you are remaining in this market area or moving to one with similar or lower home values.  The fact is that your home is most likely worth quite a bit less than it was several years ago, but remember the new home that you purchase has also taken a similar hit.  It's really trading apples for apples.  Now, you throw in the $6,500 tax credit for purchasing a new primary residence and the historically low mortgage interest rates and you have an environment that is very attractive for you to make that move.  This situation is especially true if you are a move up buyer.  Chances are that the more expensive home that you are moving into has taken a larger hit than your current home.

If this is a consideration for you, please contact me and I can easily do an evaluation on your current home and crunch the numbers for you.  This will give you a very good idea as to whether this is the best time for you to make the move.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
39640 DEERHORN RD
Price: $365,000 Beds: 3 Baths: 2 Sq Ft: 1652
Classy country home on acreage with park-like setting in the Mckenzie River Valley featuring hardwood floors, spacious living room with fireplace, large dining room & kitchen with laundry access. Large bedrooms & lots of storage. Master bed includes...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand Haas

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ARM loan rollovers could effect Eugene and Springfield Real Estate market

Monday, February 8, 2010
by Galand Haas

Good Monday Morning!

It has certainly been typical January weather for the Eugene and Springfield area.  Rain-rain and more rain.  This is what makes us appreciate Spring time!

Several years back many home buyers were lured into purchasing homes with some very attractive home financing packages.  King of these attractive packages were the adjustable rate mortgages (ARM loans).  Most of these loans were made at interest rates that were well below the going rate and many with interest only payments.  This was a very attractive situation as monthly payments started out quite low and were very affordable.  The problem is that these loans are short term in duration and they adjust out down the road at rates much higher than where they originated and also with new payments that could be as much as 3 to 4 time what the home owner is currently paying.  To compound the problem, most of these loans were 100% financing and the home owner started out with 0 equity in their home.

Now the ARM loan situation has become a crisis as hundreds of thousands of these loans roll over this year and next to the new high rates.  For most of the home owners who did 100% loans, the value of their home has declined significantly since purchasing it, so going after a refinance is not in the picture.  The result of this will be hundreds of thousands of home owners who are now unable to afford their new higher home payment and also do not have a way out because they are upside down in their home.  The result of this will be another huge spike in home foreclosures over the next 18 to 24 months.  This is a very sad situation and the reality is that thousands more will lose their homes.

If you or anyone you know falls into this situation and you are caught by not having any options. The last thing that you want to do is to give your home back to the bank through foreclosure. There are options available that can make this situation easier to deal with and save your credit. If you or anyone you know faces foreclosure please log onto the webs site www.shortsaleeugene.com.  It is wise to explore all of your options.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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2740 W 18th Avenue
Price: $205,000 Beds: 3 Baths: 1.5 Sq Ft: 1285
This is a very nicely remodeled home with fun floor plan and great backyard. It has fresh paint, new carpet, new cabinets, new vinyl, new countertops & fixtures -- this home is priced to sell quickly and won't last long! Take a look inside today!...


AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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2010 May be a year of change and uncertainty with the Eugene and Springfield Real Estate market.

Monday, February 8, 2010
by Galand Haas

Good Monday Morning!

Happy News Years!

One thing that we can count on is that the new year will bring us just as much change and uncertainty with the Real Estate Market in the Eugene and Springfield area as 2009 offered.  The one bit of advice that I would offer anyone who is considering the sale of or purchase of a home in this market is to, "DO YOUR RESEARCH". This means to approach your decision to buy or sell by making sure that you are dealing with professionals who know the market in our area and who can offer you sound advice.  Making decisions without this may be painful and expensive down the road.  

As the top Real Estate Team in the Eugene and Springfield area, the Galand Haas team can provide you with honest information that will give you the certainty that your decision making process is easy and right on target.  Our priority is to help you and make sure that whether you are buying a home or selling a home that your decision is based on good sound knowledge and advice.  Each year we help hundreds of area residents with their home sale or purchase and make sure that we always protect their best interests.  Please contact us whether you are thinking of buying or selling, if you are behind in home payments and face potential foreclosure and need good advice or wish to explore refinancing your home.

Have An Awesome Week!

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4588 AVALON ST
Price: $145,000 Beds: 3 Baths: 2 Sq Ft: 1156
A very cute home with a spacious living room with pellet stove on brick, a good-sized master bed with bath and a fantastic ~bonus~ room from the converted garage. Outside offers a covered deck & fenced backard and a prolific cherry tree. This is a g...


AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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2010 Real Estate market in Eugene and Springfield area looks similar to 2009!

Tuesday, February 2, 2010
by Galand Haas

Good Monday Morning!

The deep freeze in the Eugene and Springfield area has passed.  Now it is back to just plain old normal Winter weather for the Willamette Valley,

Don't look for any huge changes in our local Real Estate market for 2010.  Most likely home prices will continue their steady slow decline over the next year.  Home inventories should remain somewhat scarce in the $250,000 range and below and upper end priced homes will remain quite slow on the market.  Most demand for housing will be in the first time buyer segment.  Look for mortgage interest rates to remain low for most of the year.  Yes, it looks like more of the same.

Home foreclosures could spike in 2010.  Look for heavier numbers of foreclosed homes and short sales to hit the market as ARM loan rollovers pick up steam.  The rollovers of these loans could mean double or even triple the payments amounts for many homeowners with little chnce of getting out from under them.

One thing that I am hearing a great deal as of late from people thinking of selling their home is, "I think that I will just wait until Spring or Summer when the market is better to place my home on the market".  If you are needing to sell your home, don't fall into this costly trap.  Your home very well may be worth less in the Spring than it is right now and even less yet by Summer.  If our market continues to decline in value as predicted then waiting to sell your home could be a very big mistake.

Have An Awesome Week!

 

THIS WEEKS HOT HOME LISTING

 

 

Image Unavailable
39640 DEERHORN RD
Price: $365,000 Beds: 3 Baths: 1 Sq Ft: 1652
Classy country home on acreage with park-like setting in the Mckenzie River Valley featuring hardwood floors, spacious living room with fireplace, large dining room & kitchen with laundry access. Large bedrooms & lots of storage. Master bed includes...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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National Mortgage interest rates reamin at historic lows

Tuesday, February 2, 2010
by Galand Haas

Good Monday Morning!

What gorgeous weather we are having here in the Eugene and Springfield area.  The cold is going to continue, but the sunshine is very welcome!

With mortgage interest rates continuing to be at historically low levels the chance for homeowners to refinance and reduce their interest rate and their payments has never been better.  I continually speak with homeowners who have mortgage loan rates that are well above todays low rates.  For this reason I asked one of the top Mortgage loan officers in our area to give me some ideas as to when a refinance makes sense.

Here is that information. 

“Interest rates remain historically low.  If your current interest rate is over 6.0%, now would be a great time to consider looking into a refinance loan.  Many homeowners that have seen their home values decline or lack equity in their homes are finding relief under President Obama’s Home Affordability Program which allows lenders to refinance a mortgage, even if the homeowner has little to no equity.  If you have been thinking about a refinance, now is the time to act.  Most experts agree that interest rates will rise as the economy continues to recover.  So what are you waiting for?  To schedule a free consultation, please contact David Doak with OMT Mortgage at 541-913-9362 or email at [email protected]”

Let me know if this is okay…

I am not the best at stuff like this.  I hope you like it.

And again, thank you very much.

David E. Doak
Certified Mortgage Planner
OMT Mortgage
2644 Suzanne Way, Suite 110
Eugene, OR 97408
Office 541-242-8080
Cell 541-913-9362
Fax 541-242-0855
[email protected]
http://www.mortgageupdate.biz/DavidDoaksMondayMortgageUpdate.htm

 HAVE AN AWESOME WEEK!

 THIS WEEKS HOT HOME LISTING!

3511 RIVER POINTE DR
Price: $575,000 Beds: 4 Baths: 3 Sq Ft: 3726
Large, goregous home with lots of room & lots of options set in a quiet neighborhood. Featuring a spacious living room, wonderful formal dining rm with French doors that open to patio, large kitchen with island, pantry, breakfast bar & nook. Open fa...View this property >>


AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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Haas Real Estate Team
Keller Williams Realty Eugene and Springfield
2645 Suzanne Way Suite 2A
Eugene OR 97408
Direct: (541) 349-2620
Fax: 541-687-6411
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