Real Estate Professional Stops Foreclosures With Creative Real Estate Solutions
Ifeoma Edeh is proud to announce the launch of Devine Elevation LLC during Black Business Month. Devine Elevation LLC helps families to prevent foreclosure through creative real estate solutions.
By: Devine Elevation LLC
"The new steps the Department of Housing and Urban Development (HUD), Department of Agriculture (USDA), and Department of Veterans Affairs (VA) are announcing will aim to provide homeowners with a roughly 25% reduction in borrowers' monthly principal and interest (P&I) payments to ensure they can afford to remain in their homes and build equity long-term. This brings options for homeowners with mortgages backed by HUD, USDA, and VA closer in alignment with options for homeowners with mortgages backed by Fannie Mae and Freddie Mac." ~ whitehouse.gov
Real estate professionals assess their skills, clientele, and distinctive qualities in order to assist neighbors in finding homes. One of the most significant aspects of a real estate agent's abilities is being able to help clients avoid and prevent foreclosure. Foreclosure is what occurs when a homeowner defaults on their mortgage payments and the bank begins proceedings to evict them and gain control of the property.
Ways on how real estate agents help in avoiding foreclosure.
Talk to the lender regarding how to avoid foreclosure. The lender can help postpone the foreclosure process thus giving the client a chance to sell their homes and pay debts. In addition you can negotiate with your lender to get a loan modification.
Check your state's laws. Each state has different foreclosure rules. Be sure to understand how the laws work.
Understand pre-foreclosure and short sale processes. Ensure the differences between the two and how they can help the client.
Help clients by acting quickly. Be sure you are up to date with everything and you fully understand each process.
If you are living in the state of Illinois, Devine Elevation can help you find the most advantageous solution to prevent foreclosure or to help you procure your next investment property. You can contact us by clicking the link in this paragraph.
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