Homeowners in danger of foreclosure avoid financial disaster by visiting Solutionsshortsale.com for help and information.
Gibbsboro, NJ (PRWEB) February 28, 2008 -- The nation's foreclosure crisis is creating a meeting ground on the Internet where homeowners with distressed properties and lenders can find mutual solutions.
L ast year, more than 2-million foreclosures were filed in the U.S., rocketing up 80-percent from the previous year. In October alone, nearly a quarter-million foreclosure filings were reported nationwide. More people than ever are opting to short-sale their homes to avoid foreclosure. A short sale also saves lenders an average of $40,000 in foreclosure costs.
An investment company recently launched Solutionsshortsale.com to provide real estate agents, lenders and homeowners web technology with help and information on structuring a potential short sale for distressed properties. "The advantage Solutions LLC has is the pre-foreclosure models and procedures we perfected to determine that short sales are the same models developed for the banks and lending institutions. This allow us the opportunity to present short sales to the lender with their best interests in mind," says David Adams, Solutions LLC's Chief Operations Officer. "We're helping homeowners restore their credit and refreshing the real estate market true values."
A short sale occurs when the net proceeds from the sale of a property are not enough to cover the total amount owed to a mortgage company and a lender agrees to accept less than the face value of the note.
The evolution of a short sale often begins with real estate agents identifying a distressed property, commonly involving homes in pre-foreclosure. By that time, the homeowner may believe mistakenly that it's too late to save his or hers credit. Solutionsshortsale.com explains how a potential short sale can help avoid financial disaster. Real estate agents utilize the professional short sale company to focus on sales instead of negotiating with lending institutions. Investors with Solutions LLC have the advantage of assuming properties for a true market value, most likely at a reduction from the previous listed price.
"We formed Solutions LLC last August and the response has been tremendous," says Adams. For more information on short sale investments, contact David Adams at 888.894.5550 or visit Solutionsshortsale.com.
David Adams
Chief Operations Officer, Solutions LLC
(856) 435-5500
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