Another Life Preserver from FHA Thrown to Underwater Homes

At Oak Shores Realty, we have years of experience with, not only stunning vacation homes on Lake Nacimiento, but with foreclosure properties as well.  We understand the struggles of those who are on the brink of foreclosure and want to help stop that process before it starts.  The new trend of short sale homes has been seen across the nation and it is reported that there are over 11 million homeowners who are currently underwater.

Just this week, the FHA kicked off their Refinance Program in efforts to give non-FHA underwater borrowers another option.  For those who have been consistent in their home payments and have solid credit scores; over $14 billion in TARP funds are being made available.  The borrowers have to re-finance with a FHA loans and their current lien holders have to agree to discount and write off at least 10% of the unpaid principal balance.  CoreLogic recently conducted a study in which 23% of all residential properties with a mortgage are underwater.  You can view further information on the FHA website.

If you have questions about short sales, foreclosures and underwater homes; join us TONIGHT for our Short Sale Seminar!  We have years of experience and can answer your questions!

September 9th -5:30 pm
121 N. Vanderhurst, King City
RSVP:  Grace- 831.595.9939
Lynnie- 831.235.1946

For more information, please visit out website at

If you aren’t able to make it tonight, but still have questions; feel free to contact us any time!  Or if you are looking to buy one of the Oak Shores homes on Lake Nacimiento; we would be happy to help you in your search!

Grace Borzini

Your Oak Shores Real Estate Expert
Oak Shores Realty

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Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.

Please let us know how we can help!

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