May 29, 2012

It’s time to take another look at short sales

Posted by: Jennifer Preston

 

As recently as a few months ago, if you would have told a real estate agent who specialized in short sales that they’d be raving about a lender’s stellar service and rapid approval times—not to mention significant cash incentives for financially strapped homeowners for pursuing a short sale—you’d have gotten some strange looks.

That’s all changed.  And it’s changed faster and to a greater extent than most real estate professionals ever could have imagined.

With a glut of bank-owned properties dragging down the recovery of the real estate market, as well as the national economy, major lenders are more eager than ever before to avoid foreclosure. So they’ve sharpened their focus on short sales. Big time.

The biggest lenders in the country have staffed up to ensure rapid processing of short sale applications. They’ve ponied up with cash incentives at closing for homeowners who pursue a short sale. And they’re proactively reaching out to CDPE agents and putting them in touch with delinquent borrowers.

This is big news and the media has not really caught onto it yet. What’s important for you to know is that whatever you’ve read or heard in the past about long lag times and frustrations with short sales is probably no longer the case.

As a member of the CDPEAdvanced community, I’m tapped into major lenders and on top of major developments affecting short sales and bank-owned properties.  I invite you to visit my website http://hosted.cdpe.com/169932 to learn more and feel free to contact me any time at 484-753-2515 or jennifer.mayo@century21.com if you or anyone you know is struggling with an unmanageable mortgage.

http://www.youtube.com/watch?v=49sS88Cbsc8

Jennifer Mayo, CDPE
The Phoenixville Property Expert
Century 21 Norris-Valley Forge
484-753-2515 
jennifer.mayo@century21.com
www.jennmayohomes.com 
 

May 29, 2012

Mortgage Relief Fraud: Will You Be the Next Victim?

Posted by: Jennifer Preston

 

Not if I have anything to say about it! 

The FBI reported a jump of 71% in mortgage relief fraud investigations from 2008-2009, and expects this number to have grown in 2010.

 That’s why it’s my duty to educate homeowners in my community on the cautions they need to take, and what the government has recently done to protect you from unscrupulous individuals and companies who want to take advantage of their desperate situations. 

What you need to watch out for if you are looking for mortgage relief assistance:

 Upfront fees—just don’t pay them! In fact, they are now illegal!

2.      A request to sign over your deed (this only spells trouble)

3.       Lots of paperwork without the opportunity for review

4.      The claim of government-affiliation

These are just a few red flags you need to be wary of. I’ve created a free report on the homepage of my website that details more of what you need to watch for. 

If you are struggling with an unaffordable mortgage and are looking for help, educate yourself. These scammers can be very shrewd and will say almost anything to steal your money.

The Federal Trade Commission has required disclosures of anyone offering mortgage relief services. If you’d like to see an example, check out any of the pages of my website. If a company you are dealing with has not provided these disclosures, please ask why they are not compliant, and proceed with caution!

As a CDPE, you can trust that I have the tools to be in full compliance of FTC regulations, and will always work with your best interests at heart.

 If you want viable alternatives to foreclosure, give me a call today. I’m always here to help!

http://www.youtube.com/watch?v=yCge4O_XUe8


Jennifer Mayo, CDPE
The Phoenixville Property Expert
Century 21 Norris-Valley Forge
484-753-2515 
jennifer.mayo@century21.com
www.jennmayohomes.com