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SHORT SALE SERVICE RESPONDS TO FLORIDA MORTGAGE CRISIS |
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September 20, 2007 |
Sep 21, 2007 -- /prbuzz/ --SHORT SALE SERVICE RESPONDS TO FLORIDA MORTGAGE CRISIS
ATLANTA, GA, SEPTEMBER 21, 2007: The national debt negotiation firm, The Short Sale Service, Inc., will offer a workshop in Orlando to address the Mortgage Crisis in Florida. “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, Florida had one foreclosure filing for every 243 households. In all, the state reported 33,932 foreclosure filings, up 77 percent from July's total and more than twice the year-ago total 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 Florida’s mortgage crisis reaching record numbers, Mr. Pargman says “there are a lot of people who need help right now in Florida.”
The workshop will be held in Orlando on October 15 through the 17th. 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.
THE SHORT SALE SERVICE, INC. 235 E Ponce De Leon Ave. Suite 106 Decatur, GA 30030 Phone (404) 446-1301 Fax (404) 446-1339
Contact: Chip Brock, Director of Marketing The Short Sale Service, Inc. 404-446-1301 404-446-1339 (fax)
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www.TheShortSaleService.com |
About the Press Release
The Short Sale Service will offer a workshop in Orlando to address the Mortgage Crisis in Florida. Last month, Florida had 1 foreclosure filing for every 243 households, up 77% from July.
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