Buying a Home without Foreclosure as Your Next Door Neighbor

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Death, taxes, and maybe foreclosure are all things we are guaranteed to experience (so says the evening news), but the last of the three can be avoided if the proper outlook and research is prepared. Understanding your needs, the current market and your long term goals will eliminate any hint of foreclosure. After all the real estate market is not as bad as the media says it is. In our city of Pleasanton for example the number of homes sold from January ’07 to March ’07 has increased by 22% and available home has only increased 23%. Those are not bad numbers by any means. The thing you need to be aware of is the loan you get and the spending habits you have or continue to have when you buy a home.

If you can’t put 20% down as a lot of home buyers cannot, what are you to do? No down payment loans, possibly, or adjustable rate mortgages, but what if you cannot make payments on your home? Hello foreclosure. This article outlines a few ways you as a homebuyer can avoid foreclosure, and doing a little research on the home you buy will make you a lot of money and prepare you and your family for the future.

There are many ways to use the various types of loans in conjunction with homebuyer programs, and believe it or not the Governments want to help you on this one. Your Local, State, Federal Government and many private individuals have set up programs for homebuyers to help you purchase a home, and the best thing, the odds of foreclosure using assistance programs is reduced substantially because they are guaranteeing the money, rates, and overall costs. Either loans or grants (free money) for the purpose of helping the 75% of California residents who cannot afford the median priced home which is currently in the high $500,000. Currently only 25% of residents can affords to purchase a home, thus tapping the Government or private individuals for funds makes perfect sense.

Looking at these programs in more detail will allow you to enter the housing market and open up more doors for your future. There are organizations in the Tri-Valley that offer One-on-One Counseling, Educational Classes, and Debt Counseling. They are non profit centers sponsored by the cities of the Tri-Valley and focus on helping first time home buyers understand the process of buying a home and researching programs available to help someone buy a home.

Options are not just limited to Government assistance, but also Employer Assisted Housing, Relocation Assistance from banks offering lower rates, Equity Sharing, Faith Based Programs, private individual investors, or gifts from family and close friends.

There are ways to research if organizations have assistance programs, or if you are interested is starting an assistance program for home buyers and your company or church needs more information please contact a resource like the Moxley Team of Pleasanton.

As Pleasanton and the Tri-Valley grows with many neighborhoods and homes starting above the affordability rate, we need options available to homebuyers looking to enter the housing market and more importantly raise their family and send their kids to our schools. If there are not options available or homebuyers are not aware of available options, our young families and first time home buyers will be forced to relocate to other areas outside of the Tri-Valley causing more people to travel our highways or worse people who grew up here will be forced to move out of state where housing is cheaper. The goal is to help families who want to stay in the Tri-Valley realize that they can stay here and use programs from government or private individuals or faith based organizations. Pleasanton, California, the US Government and many businesses and churches want young families and first time home buyers to stay here and there are available programs, you just need to know where to go to get the information.

For more information on the housing market, home buyer assistance options or how to start in the process visit www.moxleyteam.com.  

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The Moxley Team   | May 21, 2007

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Moxley Team serves Pleasanton Home Buyers and Pleasanton Home Sellers. From Dublin Ranch Condos to Dublin Ranch Luxury Homes the Moxley Team of Alain Pinel in Pleasanton provides Home Buying Tools and Home Selling Tips. MoxleyTeam.com provides info from Pleasanton Home Sales to Dublin Ranch Developments, Dublin Ranch News and Foreclosures in Pleasanton and Short Sales in Dublin Ranch.