Accessible through http://www.scarabproperties.com, these educational materials clearly explain what a homeowner’s options are when faced with an unaffordable mortgage, as well as the benefits of each option.
One option highlighted in the website is the Relocation Assistance Program, which offers eligible homeowners up to $30,000 to pursue a short sale.
“We often find that homeowners in a difficult financial situation will hesitate to directly contact a professional for help,” Nadler said. “My website offers a way to learn about what options are available so anyone can empower themselves with the necessary knowledge and then contact me to help pursue their best options.”
The latest numbers on mortgage delinquency show that approximately one in every four mortgages is in some stage of delinquency. While they might not be immediately foreclosed upon, these homeowners become more at risk of foreclosure the longer they wait to do something about their missed mortgage payments.
“Many of these distressed homeowners bought their homes in a financially responsible manner,” Nadler said. “Unfortunately, these people have had their finances turned upside-down over the past few years. Now, they must make their mortgage payments with constricting incomes.”
The CDPE designation Nadler has acquired 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 financial hardship in today’s market.