Real Estate Information Archive


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Foreclosure fears foster true grief

by Dean Kessler

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 normal.

But as a real etate professional who is in the trenches with financially stressed homeowners every day, it never for a second feels to me like business-as-usual.

The prospect of losing ones home is right up there among the major sources of grief, and often, it goes hand in hand with the 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, the first stage of grief is denial, and that's even more 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 found 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 sought out 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 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 a foreclosure, I get it and I can help.

Contact me today at 707-441-1765 or email [email protected]

With gratitude,

Dean Kessler

Visit my distressed homeowner website to download my just published free report on the latest loan modifications


Distressed Property Inventory Hits New High

by Dean Kessler

Eureka Area Real Estate Distressed Property Inventory Hits New High


The number of distressed properties facing foreclosure in the Eureka area continues to increase. Over the past 4 months, 164 homeowners received a Notice of Default, the first step in the pre-foreclosure process. Unfortunately, an additional 64 homeowners received a Notice of Sale, the final step before their property is sold at auction on the courthouse steps.  Finally, an additional 85 homes went to auction and where foreclosed on.  (Statistics retrieved from


Facing a foreclosure is a scary thing, but there are things you should do – and shouldn’t do – to avoid making the situation worse.

DO answer the phone and read your mail. Avoiding your lender won’t make the problem go away. In fact, it will only make the problem worse. Your lender may be able to help you, so be sure to answer the phone and read any mail they may have sent you.

DO realistically assess you situation. Are your financial problems temporary? If you are temporarily out of work and will be fine once you find a new job, call your lender. Lenders may be able to offer a forbearance or repayment plan.

DO consider your options. If you are not in position to keep your home, consider selling it before you face a foreclosure. If you have already missed a mortgage payment, call your lender. There may be purchase options, like a short payoff or assumption.

DO be aware of certain financial responsibilities. Even if your lender sells your property, you may still be responsible for the difference in the sale price and what you owe. It is important to realize that you may be responsible for certain taxes when a lender forecloses on your property. However, the IRS does provide tax relief in certain situations.

DO protect your wealth. Recognize that you may have significant equity in your property that must be preserved.

DON’T move out of your home. In order to qualify for assistance, homeowners are often required to be living in their home. Be sure to talk to your lender before you think about moving.

DON’T ignore the problem. It may be possible to keep your home, but if you wait to take action, fewer options will be available. You have certain rights and can take certain actions to help keep your home; however, you only have a limited amount of time.

DON’T convince yourself you can afford a home if you can’t. Most lenders will only lend what a borrower can afford, but some less scrupulous lenders will allow borrowers to get in over their heads. In some cases, a home that was affordable becomes unaffordable due to changes in your life circumstances. Call your mortgage company; they may be able to help you avoid foreclosure by agreeing to an assumption or a short payoff.

DON’T fall victim to a scheme. Some people want to profit by your misfortune by offering to contact and conduct all work-outs and negotiations with your lender on your behalf – for a fee.  

Reprinted from

Online Seminar for Distressed Sellers

by Dean Kessler

The Kessler Real Estate Team in Eureka Holding Advanced Foreclosure Avoidance and Short Sale Online Seminar on April 30, 2009


Dean Kessler, a Realtor® with RMK Realty, Inc in Eureka is holding a free Advanced Foreclosure Avoidance and Short Sale Online Seminar on Thursday, April 30, 2009, 6:55PM.  This unique, hour long presentation is packed with the latest up to date information for financially distressed home owners. Sit back and listen to the presentation in front of your computer. Time is given at the end to submit your questions and hear the answers live.


According to the Mortgage Bankers Association, nearly 10 percent of Americans are in foreclosure or in default on their mortgage.


Seven out of 10 homeowners who go into foreclosure end up there without having received any professional help. A licensed Realtor like Kessler who has earned the prestigious Certified Distressed Property Expert (CDPE) designation is uniquely qualified to help homeowners in financial trouble.


This free seminar will address:

·         What is a short sale?

·         Why it is better than a foreclosure

·         Why would a lender accept a short sale?

·         The criteria for a short sale

·         Alternatives to foreclosure other than a short sale


Experienced foreclosure avoidance and short sale Realtors like Kessler are:

•         Familiar with local market conditions

•         Well-versed in the short sale process

•         Knowledgeable about how to drive the short sale process

•         Adept at talking to lenders

•         Great communicators

•         Problem solvers

•         Decision-makers

•         Educators


Registration is required. To register for the seminar, please call 441-1765 or email [email protected] by April 28, 2009.

Displaying blog entries 1-3 of 3

 CA Department of Real Estate #01313330