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Local Agent Provides Free Information Resource to (CITY) Homeowners Facing Financial Hardships

May 1st, 2010 by Joe Levy

New Web site presents options for homeowners confronted with the possibility of foreclosure.

VALENCIA, CA – Local real estate agent and community advocate,Phil Levy & Joe Levy of Intero Real Estate Services, today announced the creation of a new information Web site for Valencia-area homeowners in distress. ~SiteAddress~ contains vital facts about the options available to these homeowners, to help them make the educated decisions about their future.

“I developed this site with my community in mind,” Levy said. “When faced with the possibility of foreclosure, I’ve seen too many homeowners make poor choices, even walking away from their homes without calling their lender or a real estate agent. These people didn’t know the options available, or even how to find any information on their situation.

“I want more for the people of Valencia, and more comes with making informed decisions.”

~SiteAddress~ acts as a hub for information on the facts and issues for struggling homeowners, putting all the necessary information in one, easy-to-use location. The information and materials located on the site are regularly updated to reflect market changes, trends, new lender requirements, and industry updates.

Alex Charfen, co-founder and CEO of the Distressed Property Institute in Austin, Texas, said that more than seven out of 10 homeowners in foreclosure proceed without any visible assistance.

“Agents with the Certified Distressed Property Expert® designation are helping distressed homeowners understand that there may be options available to them,” Charfen said. “Joey Levy & Phil Levy has been trained to help homeowners avoid foreclosure, and this Web site resource to educate the community is a commendable public service.”

The CDPE designation provides real estate professionals with specific understanding of the complex issues confronting the real estate industry. Through comprehensive training and experience, CDPEs are able to provide solutions for homeowners facing hardships in today’s market.

www.santa-clarita-home-solutions.com

Only 12% of eligible homeowners are utilizing Mortgage Mods.

December 9th, 2009 by Phil Levy

The first step in evaluating a distressed homeowners financial situation is to determine whether they might be eligible for a mortgage modification under the Making Home Affordable program.  Way too few homeowners are availing themselves of this potentially ideal solution and way too many homeowners let their homes slip into foreclosure without even seeking an evaluation from of a qualified real estate agent.  Most agents will provide service free of charge and without any obligation.  See the attached flyer for more information.  Mortgage Mod Flyer

23% of Nationwide Mortgages are upside down

December 9th, 2009 by Phil Levy

A recent posting on CNNMoney.com reported that 25% of all nationwide residential mortgages exceed the value of the homes securing them as 9/30/2009.  In California this figure is approximately 35%.  This report posted on November 24th, 2009 was based upon figures compiled by First American CoreLogic. 

As gloomy as this report appears recent signs of price stabilization may indicate that the situation may be stabilizing.  (Ed Note:  This may be aided by a hopefully albeit slight improvement in the employment outlook). 

Solutions for upside down homeowners are available and foreclosure is not inevitable.  These include refi’s, mortgage mod’s, and short sales.   Contact your qualified real estate agent for a free assessment.