Short Sales?

One of the biggest benefits of a short sale, you can start recovering your credit quicker than a foreclosure or bankruptcy.  We at New Castle Real Estate, LLC know if you are struggling to pay the mortgage how can we expect you to cover closing cost?  When you are accepted into a Short Sale program the bank agrees to cover ALL your closing cost.  We want to help you get back on the Road to GOOD CREDIT!

No one purchase a house with the expectations that one day they may not be able to make those mortgage payments.  And even more rarely does anyone go into a property expecting they will be UPSIDE-DOWN!!!  Real Estate should be a "SAFE" investment, RIGHT? 

For the first six months of 2007, the Lone Star State reported 69,471 foreclosure filings, according to Irvine, Calif.-based RealtyTrac. That amounts to an average of one filing for every 130 homes. The company will release individual market data in about a week. There were two other states that had a higher number of foreclosure filings than Texas.

For the first six months of 2007, RealtyTrac reports that California led the nation in the number of foreclosures, with a total of 189,560 filings -- an average of one foreclosure filing for every 69 households. Florida took second place, with a total of 102,213 filings. That amounts to an average of one foreclosure for every 81 households.

The national picture isn't looking too rosy either. The latest RealtyTrac report shows that over the first six months of the year, the United States recorded a total of 925,986 foreclosure filings. That amounts to an average of one filing for every 134 households.

"Foreclosure activity shows no sign of slowing down," says James J. Saccacio, chief executive office of RealtyTrac. "Based on the rate of foreclosure activity in the first half of 2007, we could easily surpass 2 million foreclosure filings by the end of the year."

RealtyTrac publishes one of the largest and most comprehensive national databases of foreclosure and bank-owned properties -- with more than 1 million properties listed from nearly 2,500 counties across the country. The firm's reports include documents filed in all three phases of foreclosure: default; auction; and real-estate owned properties that have been foreclosed on and repurchased by a bank.

Call us today for a FREE consultantion and see if you qualify for a Short Sale.  New Castle Real Estate, LLC 512-267-2616.