It’s a sign of the
Most of us grew up thinking that if we planned well and
played by the rules, we’d never have to stand by as our financial lives
unraveled. As so many of us have learned
this is not the case and find ourselves struggling to keep up with mortgage
payments and bills we thought we would never have trouble with.
But upheaval on Wall Street, unacceptable rates of
unemployment and plummeting real estate values have taken their toll. Since 2007, 7.9 million homeowners have lost
their homes to foreclosure. Current estimates are that one in four homeowners
owe more on their mortgages than they could get from the sale of their home.
Millions more homes will be lost to foreclosure before this real estate crisis
runs its course. In the Pocono area we are also going through the same housing and economic slide as much of the country. Stroudsburg, East Stroudsburg, Tannersville, Saylorsburg, Effort, Albrightsville, Bushkill have had more than their share of foreclosures and a lot of the time they homeowner walks away without contacting anyone besides the bank that would not help.
The sad fact is that foreclosure is not an isolated event.
For months leading up to the loss of a home, financially strapped homeowners
live under a cloud of uncertainty. And
then for many years afterwards, the blow to credit gets in the way of buying
another home or buying anything on credit. Foreclosure even complicates employment
The impact of foreclosure is huge and the sad fact is that
it’s often avoidable.
As a real estate professional who has earned the Certified
Distressed Property Expert (CDPE) designation, my mission is to provide
financially strapped homeowners with options to foreclosure, ensure that they
steer clear of scams, and help navigate them through the solution that best
meets their needs.
Among the most important facts to keep in mind: the sooner
help is sought, the better the options are for a dignified exit and a path that
is better than foreclosure.
These are tough times, but more help is available than ever
before. If you or someone you care about is ready to navigate away from the
dark cloud of an unmanageable mortgage and realize that hope and blue skies are
within reach, contact me today and let’s get started. I am committed to helping