Foreclosure Epidemic: Foreclosures Just Hit 30 Year Highs and Are Expected to Quadruple in 2007 (and beyond)

Leaders emerge to help homeowners nationwide save their American dream from being stripped away.

(PRWEB) November 12, 2006 -- Experts are saying that in 2007, over one-trillion dollars in ARM loans (Adjustable Rate Mortgages) will "re-set" causing homeowner's mortgage payments to go up as much as 30-50%, beyond where many american's income can keep up, thus causing four to six million American homes to go into foreclosure. This severe foreclosure epidemic has been fueled by predatory lending (stated income loans, falsifying documents, overvalued appraisals) the low one and two percent "teaser" rates (people buying way more than they can afford) coupled with nearly one million (and growing) American jobs being lost due to the new "Global Economy". Labor jobs being outsourced to countries like India, the Phillipines, Mexico, and others, where cheap labor is available. The worst part is, there is no end in sight to this growing epidemic. Experts predict this is just the beginning.

Freedom Foreclosure Prevention Services (FFPS), a leader in the foreclosure prevention industry, had recognized this inevitable disturbing trend three years in advance. They have been preparing themselves since 2003, putting all the necessary systems and experts in place, training and certifying a professional team of Loss Mitigation Consultants Nationwide to be able to handle the overwhelming number of homeowners who will unfortunately be faced with the horrifying experience of potentially losing their homes to foreclosure.

We spoke with Jeff Segal, the President and CEO of FFPS and asked, "how did you know that this specialized service industry would be in such demand?"...he replied..."We were all business people involved in the real estate industry, as well as mothers, fathers, families that were seeing this mortgage industry running rampant, in their hyper competative marketplace with interest rates remaining so low, they were coming up with these "hybrid" loan models to beat out the next guy, and when this happens, they all have to get into the game to stay competative, so it just snowballs. We were seeing it happen right before our eyes, even within our own "circles" of friends and relatives. We also saw the gowing number of American jobs being lost to countries like India and Mexico. We got genuinely concerned about what was going to happen. We knew there was no way to stop it. It was an industry out of control, so all we could do was start to prepare to be able to help the masses when it would inevitable (we predicted about three years-we were dead on) come crashing in on them. We knew our small group of experts would never handle the volume, so we went to work on the most comprehensive, state of the art training system where we could bring in like minded entrepreneurs who had our vision and the discipline to work from a home office, were wanting to genuinely help people and had the desire to invest less than two thousand dollars for the education, training, support systems, marketing tools, six premier websites to include hosting forever and two built in autoresponders, and a complete certification process to become experts in this field and be able to administer help right from their home office to anyone, anywhere across the U.S."

According to Mr. Jeff segal, this business model has been incredibly successful, with over eight-hundred independant consultants already nationwide ready to help, and still growing. According to Mr. segal, to handle the shear volume of what's coming, they are aggessively looking to expand their consultant base to over 3,000. He says they are seeing a huge "shift" in professionals from the mortgage, real estate, and investor communities enrolling in his training, education and certification program to capitalize on this next trillion dollar foreclosure prevention industry and help save what still remains the "American Dream" for most people... Homeownership.

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