Liquidate In 48 Provides New Service to Save Homes in Foreclosure
Bandit signs with offers such as "We Buy Ugly Homes", "Quick Cash for Houses" and "Stop Foreclosure Now" do not address the needs of homeowners that are trying to save their homes from foreclosure while maintaining ownership. Liquidate in 48 negotiates with lenders to restructure a new payment plan in behalf of homeowners that are attempting to stay in their homes and avoid a distressed discounted sale of their house.
Elk Ridge, UT (PRWEB) February 8, 2007 -- The streets of today's major cities are lined with bandit signs posted by investors offering to "buy ugly houses", "stop foreclosure now", "avoid bankruptcy" and "quick cash for homes". Most do not realize that a large percentage of these signs are in reality offers to purchase houses from distressed property owners. Marketing lists of properties in foreclosure abound and investors use these lists along with bandit signs to solicit their desire to buy houses in foreclosure from homeowners that find themselves in financial straits.
The reasons why property owners enter into foreclosure may vary. Temporary loss of employment, health issues, personal set-backs can all lead to the inability to meet financial obligations. Catching up on late mortgage payments may be the most difficult obstacle facing a homeowner. Research indicates that most homeowners in foreclosure do not want to sell their homes, but would prefer an opportunity to work their way out of foreclosure over time.
Lenders are not anxious to foreclose on delinquent homeowners. They would much prefer assisting them back to financial solvency by offering a loan modification or forebearance plan. These plans let the homeowner continue to make their regular monthly mortgage payments with an additional monthly payment on arrearages. Over time, the homeowner can gradually pay off back payments and remove their property from foreclosure. Sadly, because of fear or inexperience, most homeowners rarely take advantage of these programs and in most cases never even contact their lender for assistance.
Liquidate In 48 understands the need for service providers that have experience negotiating with lenders. Although the primary function of Liquidate In 48 is the quick purchase of property at wholesale prices, their highly trained buying agents can also assist the homeowner to save their homes from foreclosure by working with the lender to provide a repayment plan. This new offering is the result of a continuing effort by Liquidate In 48 to be more service oriented. Liquidate In 48 is interested in helping homeowners stay in their homes if it is not their desire to sell and it is the company's goal to provide more homeowner solutions than their competitors.
Homeowner to lender negotiation services are provided by Liquidate In 48 in the following states:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
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