Many California home buyers are now able to obtain aÂ mortgage after foreclosure. The housing crisis of 2007-2012 took a tremendous toll on the state of California. However, many home buyers are bouncing back because of a recovery in the housing market along with effective programs that allowed home buyers to alleviate the foreclosure.
With the housing market showing signs of a strong recovery, investors are now flooding the market with new money. Depressed home values are now up as much as 10 percent year over year, and buyers who were once in terrible shape with their original mortgages now find it easier today to qualify for a mortgage after foreclosure. They are using that money to help springboard the recovery. The market is strong and foreclosed borrowers now have a new reason to smile with the recovery.
Leading real estate professionals consider the recovery only the beginning. They are pointing to the fact that inventories are steadily dwindling and showing signs or stability. This increases the demand for new construction with new California buyers entering the market. The market is slowly shifting from a buyerâ€™s market to a sellerâ€™s market. This new demand helps produce new construction jobs that helps improve the California economy as a whole. The only thing that could hinder a full recovery is the creation of a new bubble, but many experts believe that will not happen if anyone has learned anything from the previous housing crisis.
TheÂ Flexible Credit Home Loan ProgramÂ provides borrowers a chance to apply for financing if they were affected by the mortgage crisis. CFS Mortgage offers the program to residents of Arizona and Southern California, two of the hardest hit regions. The program allows borrowers to obtain high-quality financing on terms they can afford.
Find out why the Flexible Credit Home Loan Program gives borrowers an opportunity to re-enter the real estate market with confidence and flexibility.