San Jose, CA, September 10, 2011 --(PR.com
)-- “Nationwide, one in seven mortgages are headed for foreclosure,” noted Kate Davey of Davey Real Estate. While the statistics in San Jose and in the Silicon Valley are not nearly that high, Kate Davey has developed an online report that reviews the increasing priority that major banks and the federal government have placed on giving homeowners viable options to foreclosure.
“Helping to keep homeowners out of foreclosure has become a national priority,” Kate Davey says, adding, “It’s important for homeowners who are underwater on their mortgage or overstressed financially to know that none of the parties involved want to see a foreclosure happen. Banks were blindsided by the foreclosure crisis of the past few years, and too many homes have been lost to foreclosure, but the landscape has significantly changed.”
Several entities within the Federal Government, along with major lenders, have retooled and restaffed in order to more effectively help homeowners to avoid foreclosure.
“Among the most troubling statistics,” Kate pointed out, “is the fact that the majority of homeowners who end up in foreclosure never seek the services of a real estate agent or attempt a short sale.”
A short sale occurs when a lender allows a homeowner to sell a property for less than the current mortgage amount owed.
Real estate agents who have received the Certified Distressed Property Expert (CDPE) designation have proactively sought out the most up-to-date expertise and insights to serve clients within the complicated and highly charged distressed property arena. CDPE agents are required to complete several days of intensive training and are held to a high standard of expertise, efficiency and ethics.
“My recent report titled, 'Is Your Mortgage Payment Dragging You Down' provides information every homeowner should know if they are about to or have already missed mortgage payments,” states Davey. This community resource is available at www.SanJoseForeclosureRelief.com.
For more information about the CDPE Designation, visit www.CDPE.com.
Davey Real Estate Corporation
4848 San Felipe Road, Suite 190
San Jose, CA 95135
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