Reports of foreclosures by the millions have been in the news so much over the past few years that to some, it might seem like the business as usual. Even in our South Bay, there are hundreds of homes that have a Notice of Default on them; from El Segundo to Palos Verdes, the cities of El Segundo, Manhattan Beach, Redondo Beach, Hermosa Beach, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills Estates and Rolling Hills have a combined total of 255 homes currently in default. But as a REALTOR® who works with financially stressed homeowners every day, it never for a second feels to me like this should be the new normal. The prospect of losing ones home is right up there among the major sources of grief, and often, it goes hand in hand with other tragic setbacks such as the loss of a job, a divorce, death of a loved one, mounting medical bills or skyrocketing mortgage payments.
Unfortunately, as Elizabeth Kubler-Ross first pointed out, the first stage of grief is denial. This is definitely the case when the threat of foreclosure is looming! No one wants to talk about or admit financial troubles—even when millions of others have founds themselves in a similar spot. It’s completely understandable, but for homeowners who are behind on mortgage payments, decisive action is often the most critical step toward ensuring the best possible solution.
As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, I help homeowners to deal with every aspect of the grief and uncertainty that accompanies a mortgage which is no longer manageable. In the process, I help them to get on a path of financial solvency.
If you or someone you care about would like to change the course of a life that’s facing foreclosure, I get it and I can help.
Contact me today at 310-418-5353.