There are record numbers of “foreclosures in Temecula” The first three months of 2007 were devastating for many homeowners. “Foreclosures in Temecula” have reached an all time high. Tragically the majority of homeowners with sub prime credit resorted to unconventional financing. As the interest rates rise so does their monthly mortgage payment.

While the real estate market for many homeowners in Temecula may be grim. People in the market to purchase real estate in Temecula are at a definite advantage. Purchasing one of the many “foreclosures in Temecula” affords investors discounts well under market value.

Although purchasing “foreclosures in Temecula” is attractive, many investors are hesitant because these discounts come at the expense of defaulting homeowners.

So what is the solution to this dilemma? Short sales. Janice Kraft, a real estate agent in Temecula, specializes in short sales. A short sale is in essence a way for a home owner who is in danger of losing his or her home to minimize the debt, for the bank to recover most of their investment, and a buyer to purchase a home for less than market value.

If you are interested in learning more about purchasing “foreclosures in Temecula” and you would like to learn more about short sales, you can contact Janice Kraft directly at 951-529-2089 or via email at jrkraft@myexcel.com. With her experience and know how, Janice can assist you in making a smart investment.