Erik asks, are you feeling financially squeezed?

Erik Flexner, who is committed to helping homeowners avoid foreclosure says that short sales are a terrific option for homeowners struggling with unaffordable mortgage payments.  In fact, lenders' losses due to foreclosure are projected to increase at record rates in 2011, giving them more reason to pursue short sales.  Lenders are projected to incur losses as severe as 85% in foreclosure! Meaning, after deducting the expense of the foreclosure process on a $100,000 loan, they may only get back $15,000!"  Says Flexner "It's common sense that lenders will be looking toward the short sale solution.  Even though they are accepting less than is owed on the property, they lose far less than in a foreclosure sale.  In fact, in the Playa/Marina areas, short sale transactions have increased by approximately 250%."  Flexner adds "Oftentimes, the lender is seen as the villain in the situation.  I've found that the lenders want to avoid foreclosure just as much as homeowners."  The free, downloadable report on Erik's website westsideshortsalesolutions.com talks more about working with your lender and details all the foreclosure alternatives available to you.  Download the report and call me today to chat.  I can help you develop a plan to work with your lender and avoid foreclosure.  Erik Flexner (310) 754-8144,  westsideshortsalesolutions.com