Distressed Property Alternatives

A distressed property by definition is a property with impending foreclosure because of insufficient income production or a property with a market value less than that of the money loaned against it. Distressed properties can be in both residential real estate and commercial real estate.

In the first quarter of 2010 approximately 1 in 10 homes were distressed and commercial real estate lost almost 50% of their value from peak levels, in addition to, vacancies rising into the double digit percentiles. Startling figures for anybody to comprehend. However, distressed homeowners and real estate investors should understand they are not alone and discover the opportunities to help them in these tough times. Over 60% of distressed property owners do not seek advice or consultation on how to deal with their distressed property and avoid a damaging foreclosure.

Today, the real estate industry is a different world and to truely understand it, education is the best answer. Below you can click on the links to learn all you need to know about Short Sales, Foreclosures, Foreclosure Alternatives, Government Programs like the Making Home Affordable to help refinance or modify a home loan, and Home Affordable Foreclosure Alternatives (HAFA).