Large Robo-Signing Settlement May Provide Relief for Distressed Homeowners in Los Angeles.

June 5, 2012 - PRLog -- Distressed Homeowners in Los Angeles and the San Fernando Valley may see additional relief from the banks soon. In February, the government signed a historic $25 billion dollar settlement with five major lenders over fraudulent foreclosure practices committed during the height of the housing crisis known as “Robo-Signing.” The settlement, while punishing the banks for the fraudulent foreclosures, apportioned the majority of the money towards helping homeowners who may not have been wronged by the banks but who are currently in danger of losing their homes.

“For Los Angeles and the San Fernando Valley, this settlement creates more opportunity than ever before.  For people who are in danger of losing their homes to foreclosure, there are now many more options available to them,” says Roger Horn, a Real Estate Broker and “Certified Distressed Property Expert” with Pinnacle Estate Properties in Calabasas.

“While the banks certainly needed to be held responsible for their fraudulent practices,” said Horn “the vast majority of the foreclosures in this settlement were valid.”  

As a Certified Distressed Property Expert (CDPE), Roger Horn has paid special attention to the new options the settlement provides for distressed homeowners. “These opportunities are nothing new,” Horn said, “many people who are in danger of losing their home just don’t know options exist. This settlement simply makes these opportunities more abundant.”

As a Certified Distressed Property Expert (CDPE), Roger Horn has knowledge of the entire landscape of foreclosure avoidance options and is distinctly qualified to negotiate with banks and help financially strapped homeowners regain peace of mind and a sense of stability for the future.

Horn has developed a free report entitled “The Robo-Signing Settlement: How it can help you stay in your home” that is accessible from his website, http://www.CaShortSaleInfo.com.

The report provides an overview of all of the details of the settlement and what to do if a homeowner thinks they may be eligible under the terms of the settlement.

Horn has also set up a tool to search short sale listings throughout Southern California at his website, http://www.CaShortSaleInfo.com.  He can be reached for questions at Roger@RogerHornRealty.com.

About Roger Horn

Roger Horn is an award winning Realtor® with Pinnacle Estate Properties representing the buyers and sellers of residential real estate since 1986.  Known for his professionalism and problem solving skills, Roger has extensive experience listing and selling residential properties throughout Southern California. Roger’s expertise includes communicating effectively with all parties to the transaction, preparing and marketing homes for sale, working with home buyers, negotiating purchase agreements and following through with the myriad of details required to close any real estate transaction.

Roger is a CDPE® (Certified Distressed Property Expert) and has had extensive experience helping solve various real estate issues from probate, trust sales as wells as short sales and bank owned properties.

His commitment to excellence in service and constant communication with clients make Roger the clear choice for all your real estate needs.