Did you know?
◦1 in 7 mortgages are not being paid
◦25% of all U.S. properties are underwater
◦Currently unemployment stands at 9.9%
◦Shorts Sales are the leading distressed property transaction in the industry today
There is a common misconception that once a homeowner misses a payment he is immediately in danger of FORECLOSURE. The REALITY is that FORECLOSURE is a legal process that a lender must go through in order to take possession of a property for which it holds a mortgage. If you are facing DISTRESS, know that you have options!