Stop Foreclosure with a Short Sale
Foreclosures around the country are continuing to rise, with little to no hope of decli...
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Prevent Foreclosure in Oregon

Prevent Foreclosure in Oregon - learn how to prevent foreclosure
Published on: Mar 4, 2016
Published in: Real Estate      Business      Economy & Finance      

Transcripts - Prevent Foreclosure in Oregon

  • 1. Stop Foreclosure with a Short Sale Foreclosures around the country are continuing to rise, with little to no hope of declining or slowing down. In Ore- gon, Multnomah County, Washington County and Deschutes County foreclosures are growing at an alarming rate, and it doesn’t look like they are going to slow down any time soon. RE Acquisitions, a short sale specialist company that helps stop foreclosure in Portland, Oregon, reported today that “Oregon state foreclosure rates climbed steadily in January and February of this year, it is unlikely that March’s fore- closure numbers will look better; in fact, they’re apt to look worse, based on the significant increase in mortgage de- linquencies in December.” Fortunately, there are still options for homeowners facing foreclosure, one of them being a short sale. A short sale is where the bank allows the homeowner to sell their house for less than what remains on the mortgage. The home- owner is not responsible for paying the difference, and this option is much easier on your credit score than a bank auction or lieu in deed. “Our short sale service is a winner all around. You sell your home in a market that already has a 19-month inventory of unsold homes and the bank gets cash back instead of another vacant property. If you want to avoid foreclosure, Sell Home Owner can help. One of the biggest problems homeowners face is waiting too long to ask for help. Con- tact us today and let us show you how you can start breathing again,” says the representative from RE Acquisitions. If you are considering a short sale, and are looking for a short sale specialist firm, choose the right partner by using the following guidelines: • Look for a company that does not charge fees. The only short sale companies that charge fees to the seller are scam artists who want to take your money and run. These companies ask for a fee, because they want a “guarantee” that they will make a money off of your account, regardless of whether or not your home sells. True short sale companies will not charge you a fee for your business, and instead work off of a commission structure based on their sales. This means that they do not get paid unless they obtain a successful short sale of your home. • Make sure the company has licensed and bonded mortgage brokers on staff. If a company does not have licensed professionals on their staff waiting to help you, then you are most likely involved with a scam. Remember, if you want to get the best possible price for your home, you need to work with someone who has proven experience and strong relationships with lenders. • Check to confirm that lawyers, not simply sales professionals, review all contracts. Lawyers’ are the only qualified party to review these complex contracts, and they can prevent you from making several critical errors. • Lastly, look for a company that pays its employees with a percentage of your sale. This means that the employees are going to work as hard as possible to get you the best price. How long have you been working with short sales or foreclosure prevention? If the answer is a short time, this can indicate someone who has recently joined this market in order to make a quick profit. Remember, if you are stuck in a house you can’t afford, there are thousands of people just like you. Don’t let shame or embarrassment keep you from taking steps to prevent foreclosure. Find a solid company to represent you and move forward. For additional information on short sale options, or preventing foreclosure on your home, please visit: Stop Foreclosure with a Short Sale Page 1 of 1 RE Acquisitions

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