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If you’ve missed a couple of house payments...


If you’ve missed a couple of house payments then your lender has likely notified you and has warned you about losing your home in foreclosure. It’s a stressful development so having an understanding advisor who can listen, guide you through the steps, and open a professional network to help you work with your lender becomes a vital asset.

Sandra Cantu is experienced in residential real estate, buying land, and assisting families who are facing foreclosure.

If that’s you then she wants you to understand the foreclosure process, how to honestly assess your situation, and how she can help you buy time in moving from your home.


What to Know About Foreclosures in 2023

Foreclosures happen to all types of homeowners, including high-profile pop culture influencers. Just recently, an alum of Real Housewives of Atlanta Kim Zolciak-Biermann and husband Kroy Biermann were written up in People magazine because their 7-bedroom mansion in Alpharetta, Georgia was scheduled for a sheriff’s sale in early March 2023.

According to the article, the couple defaulted on a $1.65 million dollar loan they took out in 2012.

That’s not the type of publicity anybody would want and yet foreclosures are common.

“Is this like 2008 when the housing bubble burst? Then, mortgages were easier to get. It’s similar now, but it’s not an exact repeat,” says Sandra.


What’s Happening in the 2023 Housing Market?

Sandra says homeowners don’t have as much equity as they had just a couple of years ago, especially in certain markets. In Las Vegas, Phoenix, and Tucson home prices have already dropped about 25% compared to the same period a year ago.

“It’s the tip of the iceberg right now,” says Sandra, who foresees more foreclosures taking place as the year progresses.

Reading the news offers mixed messages.

An article on KCRA.com, Channel 3, Sacramento, Calif. Says “Rising interest rates could bring more foreclosures in 2023 (there's already been an uptick this year) as foreclosure moratoriums and other Covid-related foreclosure protections expired at the end of 2021.”

Analysts they quoted believe 2023 will be more of a buyer’s market than a seller’s market.

CNBC expects something like a standoff between home buyers and sellers:

“The recipe for 2023′s housing market is shaping up as prices that are roughly stable nationally, but with ongoing drops in some regional markets, interest rates that decline but not hugely, and buyers’ incomes that rise.”

Links to both articles are at the end of this post.


What does this mean for you if you’re facing foreclosure?

If you’ve missed payments and if your lender has contacted you, then you need to know how much equity you have. You likely won’t be able to sell your house for market value or above market value.

Sandra focuses a lot on Florida but knows markets across the country and can help you understand your local area.

You have to be realistic at this point about your situation and consider getting help.

Sandra understands your position. She has over three decades of experience in real estate as an investor and in international transactions.

She knows your home’s importance and will get you the time you need to make adjustments.


Speak with Sandra

You don’t have to face foreclosure alone and you don’t have to feel intimidated by investor letters that show up at your house, urging you to take whatever cash you can get from your home.

Sandra is honest and has a professional network that will help you speak to your lender and negotiate settlements.

Her passion is helping homeowners behind on their mortgages and helping families plan for homes they can afford.

Contact her via phone 813.690.4979, the website contact form, or her mailing address.


Also read:

CNBC Home prices mortgage rates How to Know when Housing Bottom is In

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