Short Sale Service Responds to California Mortgage Crisis
The nation’s leading mortgage debt negotiation firm, The Short Sale Service, Inc., will offer a workshop in Los Angeles to address the Mortgage Crisis in California November 12 through the 14th. Last month, California had one foreclosure filing for every 224 households. In all, the state reported the most foreclosure filings of any single state with 57,875, up 48 percent from July and an increase of more than 300 percent from August 2006 according to Irvine, California-based RealtyTrac Inc.
Atlanta, GA, November 01, 2007 --(PR.com)-- The nation’s leading mortgage debt negotiation firm, The Short Sale Service, Inc., will offer a workshop in Los Angeles to address the Mortgage Crisis in California. “Several alternatives to foreclosure exist for homeowners, real estate agents and investors that are seldom addressed in the media’s coverage of foreclosures”, according to Ben Pargman, President of The Short Sale Service which negotiates loan workouts for buyers and sellers hoping to avoid a foreclosure.
Last month, California had one foreclosure filing for every 224 households. In all, the state reported the most foreclosure filings of any single state with 57,875, up 48 percent from July and an increase of more than 300 percent from August 2006 according to Irvine, California-based RealtyTrac Inc.
However, banks do not want to foreclose if they can find a viable alternative, according to Mr. Pargman, “yet few sellers, real estate agents, or investors have the required knowledge and skills to maneuver the bank’s process necessary to find an alternative to foreclosure.”
For example, when successfully negotiated with the lender, a Short Sale will allow a borrower to sell a property for less than the amount owed as an alternative to foreclosure. With California’s mortgage crisis reaching record numbers, Mr. Pargman says “there are a lot of people who need help right now in California.”
The workshop will be held in Los Angeles on November 12 through the 14th. Information is available at www.shortsalefix.com.
Ben Pargman is an attorney and national speaker on the subject of pre-foreclosure Lender workouts known as Short Sales.
The Short Sale Service, Inc. negotiates Short Sale workouts as an alternative to foreclosures for homeowners, buyers, and real estate agents. www.theshortsaleservice.com.
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Last month, California had one foreclosure filing for every 224 households. In all, the state reported the most foreclosure filings of any single state with 57,875, up 48 percent from July and an increase of more than 300 percent from August 2006 according to Irvine, California-based RealtyTrac Inc.
However, banks do not want to foreclose if they can find a viable alternative, according to Mr. Pargman, “yet few sellers, real estate agents, or investors have the required knowledge and skills to maneuver the bank’s process necessary to find an alternative to foreclosure.”
For example, when successfully negotiated with the lender, a Short Sale will allow a borrower to sell a property for less than the amount owed as an alternative to foreclosure. With California’s mortgage crisis reaching record numbers, Mr. Pargman says “there are a lot of people who need help right now in California.”
The workshop will be held in Los Angeles on November 12 through the 14th. Information is available at www.shortsalefix.com.
Ben Pargman is an attorney and national speaker on the subject of pre-foreclosure Lender workouts known as Short Sales.
The Short Sale Service, Inc. negotiates Short Sale workouts as an alternative to foreclosures for homeowners, buyers, and real estate agents. www.theshortsaleservice.com.
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Contact
The Short Sale Service, Inc.
Chip Brock
404-446-1301
www.theshortsaleservice.com
Chip Brock
404-446-1301
www.theshortsaleservice.com
Contact
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