Sonoma County REO, FHA and HUD Foreclosure Listed Daily at Essex Mortgage Bank

May 28, 2010 - PRLog -- Santa Rosa, CA, May 28, 2010 -- A foreclosure is a legal process in which a mortgaged property that was acquired using a government loan program goes into default. Ultimately the buyers can not pay the mortgage and the Essex Mortgage Bank ( http://www.fhasubmissions.com ) foreclosure property is sold to pay the loan of the defaulting homeowner/borrower.

Our foreclosure properties allow people to have the chance to buy a home for themselves and their family without paying a high price for the single family home, condo or small multi-family unit.A foreclosures become available when someone with a Federal mortgage can't meet the payments, the lender then forecloses on the home. The Federal Government or the lender then takes ownership of the foreclosed property. You can find REO,FHA,VA, and HUD foreclosure lists on our site http://www.fhasubmissions.com

FORECLOSURE LISTS:
To find out what foreclosure properties ( http://www.fhasubmissions.com ) are available in your area, you can search our online foreclosure section that has lists of Government foreclosed houses for sale. You will find our foreclosure listings including HUD, FHA, VA, and bank foreclosures as well as homeowners who are accepting short sale offers on.

http://www.youtube.com/watch?v=wbMxmoI5DNk



When you're interested in one of our foreclosure properties, you might want to know just what properties are available for purchase under this umbrella term. After all, there are numerous properties, but you want to know what your options are in order to choose the home and the foreclosure that's best for your needs. The first step to buy foreclosures is to find out what's out there right now.

FORECLOSURE PROCESS:
When you're interested in foreclosure properties, ( http://www.fhasubmissions.com ) you might want to know just what properties are available for purchase under this umbrella term. After all, there are numerous properties, but you want to know what your options are in order to choose the home and the foreclosure that's best for your needs. The first step to buy foreclosures is to find out what's out there right now.

It can help to understand the actual foreclosure process and whether certain properties emerge for sale during this process. When a homeowner is first falling behind on their payments, they are alerted by the bank of their payment problems and given a chance to catch up on the money owed. If the payments still do not come into the bank, then the house is said to be in preforeclosure. At this point, the home is not for sale until the home actually goes into foreclosure, but there might be times when the home is on its way to foreclosure, so it's listed before the actual foreclosure is determined.

The foreclosed property is sold at bargain prices as quickly as possible. As a prospective home buyer or real estate investor, you have many options in your search to find an affordable home. One of those options today is the purchase of foreclosure properties ( http://www.fhasubmissions.com ) owned by HUD/FHA and other Federal Government Agencies.

Generally a foreclosure may happen in several ways in the United States but two of these ways are widely used. The court process is mostly the same for both the processes, but the result is different. These ways are:
Strict foreclosure - a judge will set a series of "law days" for each person listed as a defendant
Foreclosure by sale - a judge will set a sale date and the legal proceeding takes place
There are a variety of factors you will always need to consider when choosing amongst any foreclosure listing services; these services may include:

Number of properties listed - you must need a healthy selection of homes cases to review.

User friendly - the foreclosure listing service must be easy to handle and that is to make your interest easier.

Cost - you must see if the foreclosure listing service that you are availing offers you good value for your money

Why choose us ? - with that being said you can see the importance of using a foreclosure list from a list of reputible mortgage lender it is even now more important than ever before with the economy in a tail spin.

At Essex Mortgage Bank, we’ve been helping homeowners just like you find the right mortgage loan since 1986. If you’re purchasing your first home, or refinancing your sixth, you can count on us to make the process easier and more affordable.

Not only would we like to find you the foreclosure property we wouls also like to finance it for you .We offer a wide range of loan programs to fit just about everyone - Conventional loans with competitive rates, FHA and VA loans (great for first time buyers) and high balance (Jumbo) loans to purchase or refinance your home. We also finance investment properties.

Give us a chance to earn your business - you’ll find out why so many Essex customers are repeat customers who appreciate value and great customer service.

Jeffrey Martino Young is our Branch Manager at Essex Mortgage Bank in Santa Rosa you can feel at ease knowing that he has many years of experience in this section of the Real Estate Industry.

This Entrepreneur founded and managed two successful banking firms in Orange County ,Ca, before bringing his skills in Originating and underwriting residential & commercial mortgages to Essex Mortgage Bank he is familiar with private-money and institutional products. Intimate familiarity with state & federal lending guidelines. Capital placement experience with trust deeds, mortgage fund offerings, private offerings, equity partnerships, credit companies, life insurance companies, pension funds, self-directed IRA -

Whether you are a first time home buyer or a sophisticated investor, let him empower you with the information and service you need to make the best loan decision. he have over 20 years experience in all facets of real estate and lending, he understand the importance of continuous contact and honest feedback. he take the time necessary to better understand your needs and concerns. he take pride in being the best he can be for you. he learn something valuable from every person he meets. he is committed to his clients needs 100% and will go to bat for you to get you the very best deal possible.
When you want to do it right the first time call me and-- sit back and relax and let me put my skills to work for you!!!

More information can be found by going online at http://www.fhasubmissions.com once there you will see the foreclosure section that has lists of all homes listed as REO,FHA,VA and HUD foreclosures. If you need to speak to someone directly feel free to contact Jeffrey Martino Young toll free 1-877-870-2676 he is always willing to take the extra effort needed to get you the very best deal possible...

Press Contact:
Jeffrey Martino Young
Essex Mortgage Bank
1585 Terrace Way, Suite 158
Santa Rosa, CA 95404
1-877-870-2676
jyoung@essexmortgage.com
http://www.fhasubmissions.com