Company Helps with Foreclosure Issues & Enables People to Keep Their Home
Louisville, KY, November 30, 2007 --(PR.com)-- SidCo Properties Offers Hope to Families Facing Foreclosure.
More than 1,800 Louisville property owners filed for foreclosure in the first half of 2007 – a 55 percent increase over 2006 – according to the Metropolitan Housing Coalition.
When facing foreclosure, most people see no way out, and do not know where to find reliable advice. Now SidCo Properties founder, Kris Wissing, is swinging their front doors open and welcoming them back home where he feels they belong.
“Frightened and vulnerable, many families fall prey to financial predators offering quick cash and empty promises,” says Wissing, a former U.S. Marine and experienced real estate finance professional. “We’ve created alternatives that allow families to stay in their homes, rebuild their credit and get back on track.”
SidCo Properties’ programs are designed for people with adjustable rate mortgages who now face soaring mortgage payments and/or unexpected financial hardships that lead to missed mortgage payments. SidCo representatives begin by conducting a thorough analysis of a family’s overall financial situation and any other circumstances contributing to their perilous situation. They then work with the current mortgage holder to replace the existing mortgage with a mortgage that provides more affordable payments.
“Typically, the lender is willing to negotiate,” Wissing explains. “They would rather have the loan paid off at a lower amount than foreclose on the home. The goal is for our clients to stay in their homes with fixed-rate mortgages they can actually afford. Fixed rate loans mean no rate increase surprises down the road.”
SidCo also offers a lease back option for families who are not eligible for a new mortgage. They locate local investors willing to purchase the property and lease it back to the homeowner. Whether clients qualify for a new mortgage or are provided with a lease option to stay in the home, it is a win-win situation.
Within the overall financial analysis, SidCo Properties works with their clients to help them get back on the right track to a stable financial future. Says Wissing, “Knowing where you stand currently and where you want to go, is the first step to becoming in control of your money.”
Wissing’s overall vision for SidCo is simple: “We’re a faith-based company focused on supporting families, lenders and the community,” he says. “We’re very proud of accomplishing that mission.”
To find out more about how SidCo’s programs can assist you, or to find out how to be considered as part of SidCo’s investment group, visit www.sidcollc.com or call (502) 500-6297.
181-00273
Sidco Properties
Contact: Kristopher Wissing
Phone: 502.500.6297
###
Kristopher Wissing
SidCo Properties – Louisville
www.sidcollc.com
502.500.6297
info@sidcollc.com
More than 1,800 Louisville property owners filed for foreclosure in the first half of 2007 – a 55 percent increase over 2006 – according to the Metropolitan Housing Coalition.
When facing foreclosure, most people see no way out, and do not know where to find reliable advice. Now SidCo Properties founder, Kris Wissing, is swinging their front doors open and welcoming them back home where he feels they belong.
“Frightened and vulnerable, many families fall prey to financial predators offering quick cash and empty promises,” says Wissing, a former U.S. Marine and experienced real estate finance professional. “We’ve created alternatives that allow families to stay in their homes, rebuild their credit and get back on track.”
SidCo Properties’ programs are designed for people with adjustable rate mortgages who now face soaring mortgage payments and/or unexpected financial hardships that lead to missed mortgage payments. SidCo representatives begin by conducting a thorough analysis of a family’s overall financial situation and any other circumstances contributing to their perilous situation. They then work with the current mortgage holder to replace the existing mortgage with a mortgage that provides more affordable payments.
“Typically, the lender is willing to negotiate,” Wissing explains. “They would rather have the loan paid off at a lower amount than foreclose on the home. The goal is for our clients to stay in their homes with fixed-rate mortgages they can actually afford. Fixed rate loans mean no rate increase surprises down the road.”
SidCo also offers a lease back option for families who are not eligible for a new mortgage. They locate local investors willing to purchase the property and lease it back to the homeowner. Whether clients qualify for a new mortgage or are provided with a lease option to stay in the home, it is a win-win situation.
Within the overall financial analysis, SidCo Properties works with their clients to help them get back on the right track to a stable financial future. Says Wissing, “Knowing where you stand currently and where you want to go, is the first step to becoming in control of your money.”
Wissing’s overall vision for SidCo is simple: “We’re a faith-based company focused on supporting families, lenders and the community,” he says. “We’re very proud of accomplishing that mission.”
To find out more about how SidCo’s programs can assist you, or to find out how to be considered as part of SidCo’s investment group, visit www.sidcollc.com or call (502) 500-6297.
181-00273
Sidco Properties
Contact: Kristopher Wissing
Phone: 502.500.6297
###
Kristopher Wissing
SidCo Properties – Louisville
www.sidcollc.com
502.500.6297
info@sidcollc.com
Contact
SidCo Properties LLC
Kris Wissing
502-500-6297
www.sidcollc.com
Kris Wissing
502-500-6297
www.sidcollc.com
Contact
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