Wednesday, September 16, 2009

Foreclosures on the rise

According to the publication "Residential Specialist" one million foreclosures were filed in the first 5 months of 2009 and could reach 2.4 million by the end of the year. The Center for Responsible Lending (CRL), a nonprofit policy group, CRL estimates that these foreclosures could affect as many as 70 million nearby households and contribute to lost property values totaling $502 billion, or about $7,200 per family.

My goal as a Certified Distressed Property Expert (CDPE) is to help people to avoid foreclosure either by Loan Modification or a Short Sale. If you know someone who may have a reduction of income or job loss or may have experienced time off work due to health issues or possibly some other valid reason for not being able to make a payment please contact me for a confidential meeting. I am here to help.