Recent national news from last week is estimating that3.5 Million homes that have been hanging in limbo from the Robo signing debacle are about to get released to foreclosure.
The banks hands have been tied from moving forward with foreclosures for the past 10 months or so and we as CDPE’s (Certified Distressed Property Experts) are getting the green light from the Banks to close more short sales. This is great news for everyone, especially the homeowner. This will mean more approvals and developing systems to help Short sale specialists get homes sold before they end up in foreclosure.
Unfortunately, homeowners do not realize they have an alternative and we need all of our readers to help get the word out so we can stop this insane foreclosure problem murdering our nation. Strong words right, murder our nation?!?
Here’s the problem, do you know that 60% of the homeowners have no idea they can short sale their home. Homeowners are embarrassed to admit that they can no longer afford their home and are opting to walk away. First let me say, this option is worse; trust me; the homeowner risks a deficiency judgment (a law suit placed by the Mortgage Company for the difference in what you owe and what the home sold for in foreclosure). A minimum of 3 years before any lending institution will consider them for another mortgage and they will always have to disclose in the future that they had a foreclosure against them, it is on the application.
Second, there is no reason to be embarrassed. 1 out of every 3 homeowners is in distress today. Your best friend could be in trouble and you don’t even know it!I have said to many people that eventually the credit bureau will have to start grading on a curve because so many people are having some kind of issue paying their bills and feeding their families. Don’t be embarrassed, embrace the problem find a solution and then move on and save your sanity.
So how does someone avoid foreclosure? Seek out a CDPE, a short sale specialist. This person must be certified. We know what to do, where to find buyers and who to contact when we need help with every lender. All of the banks are finally supporting short sales and are seeking CDPE’s because we know how to sell, negotiate, and save a foreclosure.Spread the word, help us help you.