Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate

Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
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Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate








Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate

 

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CDPE: Is Your Mortgage Payments Dragging You Down?


Is Your Mortgage Payment Dragging You Down?

Honest Answers for Avoiding Foreclosure

One in seven mortgages in this country is in some phase of foreclosure.

The sub-prime mortgage crisis that gave way to the economic meltdown of 2008, followed by the “Great Recession,” the “Jobless Recovery,” and now the threat of a “Double Dip” recession has left many homeowners – and former homeowners – wondering where to turn.

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Key Players Rethink and Restructure

Keeping homeowners from foreclosing is now a national priority.

Recognizing that far too many homes have ended up in foreclosure, the major players have sharpened their focus on programs to avoid foreclosure.

The fact is, none of the parties involved in the process want to see a foreclosure happen. Banks do not want to own your home – especially in this market where, at the current rate of sales, it will be a few years before banks manage to sell all of the homes that are already on their books.

It’s true that banks were blindsided by the foreclosure crises, and without enough staff to handle all of the applications for short sales that they started receiving, processes were drawn out, inconsistent and often unsuccessful. And in response to an overwhelming volume of delinquent mortgages on their books, banks reportedly cut corners and foreclosed on homes without following all required procedures – the so-called “Robo-Signing” Scandal.

But let there be no doubt, a foreclosure is a disastrous outcome for all parties. The bank that ends up with an unwanted liability on its books. The neighborhood is brought down by a vacant property. The housing market as a whole is brought down by an increase in the supply of discounted, bank-owned inventory. Most importantly, families are displaced and face an uphill battle to get their lives back in order.

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What You Need to Know Now

The highest ranks of the U.S. Government, along with major banks, have retooled and restaffed to help homeowners to stay in their homes through mortgage modification programs, while expediting short sale processes and sharpening the focus on all aspects of foreclosure prevention.

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CDPE designated agents at the center of the solution

  • “An amazing amount of effort has been put into getting more short sales approved,”
    Marcel Bryar, Fannie Mae Vice President, told Alex Charfen, author of the CDPE designation, during a recent broadcast from the Charfen Institute studio.

  • “The distressed property landscape has changed significantly,”
    Laurie Maggiano, Director of Policy at the U.S. Treasury’s Homeownership Preservation Office, emphasized during a live broadcast from the Charfen Institute studio.

  • “We’ve launched a new cooperative approach to short sales,”
    Kimberly Dawson, Senior Short Sale Executive from Bank of America, explained during a live broadcast earlier this year from the Charfen Institute studio.

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Short Sale in Brief

A short sale occurs when the amount due on a mortgage exceeds a home’s a current market value, and the lender agrees to accept a payoff from a sale that is less than the amount owed.

Here are the conditions required for a short sale:

  • Financial hardship such as a job loss or medical expenses,

  • A monthly income shortfall that proves an inability to pay the mortgage, and

  • A lack of savings or funds available to pay the mortgage.
 

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How to Beat the Odds

The unfortunate truth is that the vast majority of homeowners who end up in foreclosure never even seek the services of a real estate agent or attempt a short sale.

A short sale is a complicated transaction that requires the expertise of the best in the business – a CDPE designated agent.

 

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Contact me today and let’s get started!
Jerry Lee Hatley
Re/Max Mountain Realty
P.O. Box 1351, Maggie Valley, NC 28751
cell: (828) 230-1082
email: jerryhatley@bellsouth.net

CDPE website: http://www.hosted.cdpe.com/167450/

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Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate

Short Sale Specialist: Jerry Lee Hatley
Foreclosure is NOT
your only option!

Short Sale Incentives:
Why Banks will Give You Money to Sell the Home You Can't Afford

The nation’s leading mortgage lenders are extending extras for short sale transactions employed as an alternative to foreclosure – both in the form of monetary incentives for borrowers and streamlined procedures for real estate agents. read more.......

Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
   
Jerry Lee Hatley | RE/MAX Mountain Realty | Maggie Valley NC Real Estate
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