Educate Yourself So YOU Don't Become a Victim!

For distressed homeowners in danger of losing their home, there are already a lot of problems. The last thing a homeowner in this situation needs is to fall victim to a scam. Unfortunately, people in this situation are often the most vulnerable to a kind of fraud called “mortgage relief fraud.”

 

Fraudsters will prey on people who are looking for a loan modification, short sale or other foreclosure alternative because these are the most common options for distressed homeowners.

 

There have been legal cases brought against many, but scammers always try to stay a step ahead of law enforcement. Even though many of them have been caught, there are still people who prey on vulnerable homeowners with too-good-to-be-true promises.

 

In fact, in a recent example highlighted in the New York Times, con artists told homeowners that they represented the bank and that the homeowners were already approved for a loan modification. Only after the homeowners paid thousands of dollars up front did the truth come to light.

 

Educate yourself so you don't fall victim!

 

 

Housing Crisis Information

If you are like most people, the news you hear about real estate can be very confusing. On the one hand, real estate has been one of the hardest hit sectors of the economy, and much of the news still reflects this. On the other hand, there are some reports about real estate being one of the most positive indicators of an economic recovery.

Here are some of the most important recent developments you need to know:
Homebuilder Confidence is rising – According to the National Association of Homebuilders, it’s the highest it has been since before the foreclosure crisis began in 2007. This is important because it means that professionals are optimistic about the housing market again. Now, because of how long it takes for homebuilders to ramp up their businesses, it will still be a while before we see a ton of new homes built, but this is definitely a positive sign.

Housing Starts have increased – 535k Single Family Homes were started in August. This is still lower than we need, however, and there is not enough inventory to cover the demand (especially with historically low interest rates). Existing home sales have also skyrocketed according to the National Association of Realtors. In fact, they have gone up almost 10% since this time last year.

Underwater properties are still a large part of the market – In fact, according to NAR, more than 1 in 5 of all home sales is a property that is either behind on their payments or in the foreclosure process.

　 The good news is that this market offers an opportunity for just about everyone. If you are underwater or in danger of losing your home to foreclosure then there have never been more opportunities than there are in today’s market to sell your home and find a dignified solution. If you are looking to buy a new home, this is quite possibly the most affordable time in history to buy a home.

I would love to discuss how today’s market fits your needs. Feel free to contact me
for a free confidential consultation!

Not All Sunsets are Beautiful

In 2007, the Mortgage Debt Relief Act was passed in an attempt to help the millions of homeowners who, due to the housing crisis and economic crash, suddenly found themselves in danger of losing their home to foreclosure.

The act has helped many distressed homeowners find solutions to avoid foreclosure and opened up options to them that were previously unavailable.

The Mortgage Debt Relief Act, however, was only intended to be a temporary solution and is now set to expire at the end of 2012. There is a bill in Congress that would extend it, but it is unclear if it will pass. For distressed homeowners, this means that time is limited to take advantage of this program.

Time is running out. But there is still a chance to change your financial direction and avoid foreclosure.  Contact me and I can help.  You didn't create this and you are not ALONE!

 

Rob Sales

Prudential Southeast Coastal Properties

Associate Broker, CDPE Advance,
DPP, REO Specialist, CIAS
912-655-7674
www.smartshortsales.net

Time is Running Out: How the Mortgage Debt Relief Act can save you!

In 2007, the Mortgage Debt Relief Act was passed in an attempt to help the millions of homeowners who, due to the housing crisis and economic crash, suddenly found themselves in danger of losing their home to foreclosure.

The act has helped many distressed homeowners find solutions to avoid foreclosure and opened up options to them that were previously unavailable.

However, the Mortgage Debt Relief Act was always intended to be a temporary solution and it is now set to expire at the end of 2012. For distressed homeowners, this means that time is limited for you to take advantage of this program.

 
Time is running out. But there is still a chance to change your financial direction and avoid foreclosure.

Contact me for more information so I can help you make a dignified solution before time runs out.

Rob Sales
Prudential Southeast Coastal Properties
Associate Broker, CDPE Advance,
DPP, REO Specialist, CIAS
912-655-7674