Woodland Hills, CA (PRWEB) September 17, 2008
Under a dark cloud of record-breaking foreclosure rates, real estate lenders, servicers and brokers will meet with loss mitigation experts to discuss short sales as one of the more effective ways in preventing the dreaded foreclosure.
The Mastering Short Sales panel is to take place at the 5th Annual Five Star Default Servicing Conference in Dallas, Texas. The conference brings together professionals from various mortgage lending and default servicing divisions, all aimed with the goal of enhancing the effectiveness of default services, and bringing to light the current issues and potential resolutions in the field of real estate.
Eli Tene, president of I Short Sale, Inc, a leading nationwide short sale and loss mitigation firm will participate in a panel focused on the value of short sales as a loss mitigation tool. "In this tumultuous time, education is paramount. The conference will facilitate this need and give thousands of industry professionals access into loss mitigation methods that work."
Foreclosure rates have been rising steadily nationwide. In fact, new data released by the Mortgage Bankers Association found that 9% of American homeowners with a mortgage were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis continues to mount. Home prices continue to decline significantly, leaving many homeowners owing more than their homes are actually worth.
Predictably, foreclosure prevention is one of the "hot topics" at the conference this year. Tene, who has negotiated thousands of short sales throughout the past 19 years of his career, will share insider secrets as he discusses the advantages of short sales and the best methods of completing these complex transactions. "With the recent nationalizations of the mortgage giants Fannie and Freddie, we are seeing firsthand the devastating effects of this crisis. Short sale transactions are a versatile foreclosure prevention tactic as well as a lucrative realty service."
The advantage of a short sale is that it helps alleviate a problematic property with minimum out of pocket expenditures. As opposed to a foreclosure, in a short sale the property owner is most often the initiator; aiming to create more financial options and putting some control back in their hands. Tene, through I Short Sale, Inc., has proven how saving time, money, and energy is achievable in the current market crisis for all parties involved.
I Short Sale, Inc. (http://ishortsale.com), is a leading nationwide short sale and loss mitigation advisory firm that has assisted thousands of property owners and lenders in the intricate business of short sales, modifications, forbearances, deeds in lieu and other loss mitigation solutions.