Local real estate agent Bob Courtney of Century 21 All Islands is a Certified Distressed Property Expert and is now offering free educational information for homeowners who are delinquent on their mortgages. Accessible online, educational materials explain what a homeowner’s
Local real estate agent Bob Courtney of Century 21 All Islands is a Certified Distressed Property Expert and is now offering free educational information for homeowners who are delinquent on their mortgages.
Accessible online, educational materials explain what a homeowner’s options are when faced with an unaffordable mortgage, as well as the benefits of each option.
One option highlighted in the website is the Home Affordable Foreclosure Alternatives Program, or HAFA, which offers eligible homeowners $3,000 to pursue a short sale or deed-in-lieu, two alternatives to foreclosure.
The latest numbers on mortgage delinquency show that approximately one in every seven mortgages is in some stage of delinquency. While they might not be immediately foreclosed upon, these homeowners become more at risk of foreclosure the longer they wait to do something about their missed mortgage payments.
Visit www.ownersoptions.net for more information.
