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The Executive Team Offer a Helping Hand to Mohave County Homeowners Headed Toward Foreclosure

Distressed property experts urge Mohave County homeowners struggling with mortgage payments to pursue lower-impact alternatives

PRLog - Oct. 17, 2011 - KINGMAN, Ariz. -- “Nationwide, 10.9 million or 22.5 percent of all homeowners with a mortgage owe more on their property than it’s worth in the current market, and another 6.3 million are in some stage of foreclosure,” noted Gary Lott of Realty Executives in Mohave County, Arizona.

Both holding NAR’s Short Sale and Resource certification (SFR) and the Distressed Property Institute’s Certified Distressed Property Expert (CDPE) designation, Lott & Hiser pointed out that the long-term implications of foreclosure cannot be underestimated, and has developed a report entitled, “Need a Helping Hand?” This report can be accessed from The Executive Team’s website www.HelpingMohaveCounty.com.

“Too often, the anxiety associated with missed mortgage payments and the fear of putting trust into the wrong hands, causes homeowners who are heading toward foreclosure to avoid seeking help or pursuing a short sale,” Hiser said.

A short sale occurs when the current market value of a home is worth less than what is owed on a mortgage and a real estate agent negotiates with the lender on behalf a financially strapped homeowner to accept a loan payoff that is less than the amount owed. “While lenders were once reluctant to negotiate short sales, the current glut of foreclosed properties on their books has prompted an aggressive push to mitigate losses.  Some are even paying homeowners significant cash incentives to make a fresh start on their lives after the close of the short sale,” Lott explained.

The CDPE Designation and NAR Certification that Lott and Hiser have acquired provide a specific understanding of the complex issues confronting distressed homeowners.  Through comprehensive training and experience, SFR and CDPE-designated agents are able to provide solutions for homeowners facing financial hardship in today’s market.

To learn more about foreclosure options visit www.HelpingMohaveCounty.com or www.TheExecutiveTeam.org.

The Executive Team – Gary Lott & Billie Hiser are a Top Producing Team at Realty Executives Mohave in Kingman, Arizona.  For more information, contact Gary Lott or Billie Hiser at 928-530-3445 or at their website www.TheExecutiveTeam.org.  Their newest and most popular site is their Facebook page at www.facebook.com/TheExecutiveTeam.

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Source:The Executive Team - Gary Lott & Billie Hiser
Phone:928-530-3445 928-412-3445
Location:Kingman - Arizona - United States
Tags:mohave county real estate, kingman real estate, the executive team, gary lott, billie hiser, how to short sale, kingman
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