Short Sale Help From a Local Wilmington, NC Firm

Sept. 13, 2010 - PRLog -- Wilmington, NC. Long Acquisitions.  North Carolina is on pace for a record year of foreclosure filings, with 70,000 plus filings expected.  New Hanover County has been hit especially hard, ranking fourth in the list of counties with the highest foreclosure filings.  Foreclosed homes not only affect the homeowners, but also their neighbors trying to sell their houses as they compete with lower priced bank-owned properties.

A local Wilmington firm has stepped in trying to help local homeowners avoid the foreclosure process by purchasing homes and negotiating a short sale with the homeowner's lender.  A short sale is necessary when a homeowner owes more on their property than it is worth.  The lender agrees to accept less than the full amount of the debt in exchange for release of the debt for the homeowner.

Long Acquisitions has been negotiating short sales for the last six years, succesfully helping homeowners end the foreclosure nightmare.  A successful short sale will also help the homeowner avoid a foreclosure report on their credit file.  Subsequently, the homeowner can qualify for a new mortgage in as little as 2 years and avoid paying thousands of dollars in interest normally associated with damaged credit from a foreclosure.

Long Acquisitions performs their services free of charge to the homeowner in foreclosure.  You can visit their webiste http://www.LAIBuysHouses.com/our-services/about-foreclosure for more information about the foreclosure process.

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Long Acquisitions is a Wilmington, NC Residential Real Estate Development Company. They have been helping homeowners in foreclosure save or sell their homes since 2001. Long Acquisitions has chosen to focus on the pre-foreclosure market over the last 5 years, specifically helping homeowners through the short sale process. Learn more about the foreclosure process in your area and the Loss Mitigation arm of Long Acquisitions by visiting our webiste, http://www.nclossmitigation.myproptrackr.com