This week, Apartments.com and CareerRookie.com identified the top 10 cities for recent college graduates, based on the places with the highest concentration of young adults between the ages of 20 and 24, the highest inventory of jobs that require less than one year of experience, and the average cost of rent for a one-bedroom apartment.

Here’s their list:

1. Atlanta
2. Phoenix
3. Denver
4. Dallas
5. Boston
6. Philadelphia
7. New York
8. Cincinnati
9. Baltimore
10. Los Angeles

Of course, most grads are probably just happy to land a job — regardless of where it’s located. There are some signs that the job market for new graduates is rebounding; 24.4% of 2010 graduates who have applied for a job have one waiting for them after graduation, according to the National Association of Colleges and Employers. Last year at this time, 19.7% of 2009 graduates who applied for a job could say the same.

– Amy Hoak , Real Estate writer for MarketWatch

Through the program, homeowners are encouraged to do a short sale – in which the borrower and the mortgage servicer agree to sell the home for less than the value of the loan. They can also do a deed-in-lieu of foreclosure, in which the homeowner voluntarily gives the deed of the property to the servicer

Incentives include being fully released from future liability for the first mortgage debt, and $1,500 for borrower relocation assistance. There are also incentives for investors and the lenders.

As the United States continues to experience one of the worst economic downturns ever, foreclosure filings continue to rise – especially amongst minority families. In 2009, a record 2.8 million homes went into foreclosure, and the filings in 2010 are estimated to reach up to 3.5 million. Experts say that foreclosure activity will likely remain high until at least the end of 2012.

Although controversial amongst many industry leaders, some are optimistic that the HAFA program can drastically reduce the amount of foreclosure filings and rebuild the housing marketing one mortgage at a time. Homeowners find the program attractive because it does not affect their credit report as adversely as a foreclosure does.

For more information on how to qualify for these new government programs, contact us at (602) 464-4334 or e-mail shortsales@pruven.org.

HB 2768 prohibits this third-party transfer fee scheme from continuing in our state. It has passed both the House and the Senate and awaits Governor Brewer’s signature into law.

A short sale is a transaction in which we sell your home for less than the amount owed due to steeply declining property values. A short sale allows struggling homeowners to get out from under homes that they are no longer able to afford and that are no longer worth what is owed on them. Nearly 40% of the homes sold in the Phoenix area in October 2009 were sold by short sale. You are not alone!

HOW CAN PRUVEN HELP ME?

• We can keep you in your house as long as possible prior to foreclosure
• We can preserve your credit through short sale so that you can purchase a home again in the shortest possible amount of time
• We can help you find a rental when your home sells and assist you with the move
• You have FREE access to our accountants and lawyers to answer short sale related questions
• We can make this transition in life as seamless as possible. We have the experience you need.
• ALL OF THESE SERVICES ARE AVAILABLE TO YOU FREE OF CHARGE!

WHY IS SHORT SALE A BETTER ALTERNATIVE THAN JUST LETTING MY HOUSE GO?

There are two very important reasons why you should consider a short sale –

• Save your credit and buy another home in as little as 2 years.
• Depending on your loan type, the bank may file a deficiency judgment against you after a foreclosure sale. For example, if you owe $200,000 on your home and the bank can only get $100,000 for the sale, they may file a judgment against you for $100,000. In most cases, through our short sale process, our professional negotiators are able to eliminate any deficiencies that you may be liable for.

WE WORK FOR YOU, NOT THE BANK. Your loan may be eligible for a short sale workout with your current lender. THERE IS NO COST OR OBLIGATION TO YOU FOR THIS SERVICE, our fees are paid by the bank.

OUR NEGOTIATORS HAVE EXPERIENCE WITH THESE LENDERS AND MORE:
Bank of America, Countrywide, America’s Servicing Co., GMAC, Saxon Mortgage, Aurora Loan Servicing, Citibank, US Bank, National City, HSBC, Wells Fargo, Bank of NY, Chase, Washington Mutual, Deutsche Bank, Wachovia, and MORE.

Contact us for information using this Contact page.