Pre-foreclosure Investors Stand up to Fight the Foreclosure Wars Raging in Michigan and Across the Nation
Released on: February 29, 2008, 9:14 pm
Press Release Author: Mark Maupin
Industry: Real Estate
Press Release Summary: The neighborhoods hit the hardest by foreclosures were not always a haven for criminals and despair, but hundreds of foreclosures will upset the stability a community. Some neighborhoods around the country have up to 800 houses going through the foreclosure process. Essentially entire streets are being abandoned. And of course crime increases as vacant property offers shelter to questionable elements.
Press Release Body: Standing alone, in many cases, is the help offered by the pre-foreclosure investor. Offering tough-minded negotiation of terms to the lenders has been the role of the investor. Armed with the latest mortgage regulation information and neighborhood comparables, they will work with the distressed homeowner.
U.S. foreclosure filings for August more than doubled from a year ago, data released this week showed, confirming a trend already well understood in many regions throughout the country. No state wants to wear the mantle "highest foreclosure rates." Complicating the problem is a national housing glut, which makes it harder for struggling owners to sell and pay off their debt. Also, investors who play a big part in supporting the mortgage industry are starting to shy away because of the problems, which will mean less available money to loan. Without question, this economy faces risks of recession; shaky economic signs abound. One indicator of the housing market, permits issued for new homes, has slid to the lowest level in 12 years. And that affects demand for everything consumers buy for their new homes, including furniture to appliances. Recovery is months away with builders already swamped with unsold inventory. With as many as 2 million new foreclosures expected in 2007, the end is nowhere in sight.
There is an opportunity to assist the 2 million homeowners who are facing foreclosure this year. Indeed the first cut in the federal funds rate in more than four years will move to help banks and investors too. The pre-foreclosure investor considers the differences between residential families and speculation. Unlike some, the pre-foreclosure investor acknowledges the errant actions of an opportunistic mortgage industry and does not seek take to take advantage of those who can least afford it. Under the guide of a trained pre-foreclosure investor, saving the homeowner's credit is critical and foremost.
Jeff Kaller is the leading short sale and pre-foreclosure expert Nation wide. "His students have really done well in our Michigan Market. If they do well in Michigan's depressed real estate market you know Jeff Kaller is doing a great job of teaching the short sale business," says mark Maupin. Find out What the Gurus Won't Tell You http://www.freerealestatementoring.com/ Real Estate Investing - Free Report, there is a small fee for shipping and handling. Contact Information: Paramount Promotions LLC (The Countries Leading Short Sale Trainer)
Mark Maupin 303-B Anastasia Blvd. #148 St. Augustine, FL 32080 904-819-0676 Email Address: firstname.lastname@example.org This Press Release has been submitted by PREasy.com
Web Site: http://www.FreeShortSaleCourse.com
Contact Details: Mark Maupin 303-B Anastasia Blvd. #148 St. Augustine, FL 32080 904-819-0676 Email:email@example.com