Matt Martin Real Estate Management Saves Homeowners an Average of $141,000 in 2008

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Matt Martin Real Estate Management negotiated average write-downs of $141,000 for homeowners who came to the firm for help with short sales and foreclosure prevention in 2008

Interest in short sales remains strong. RealtyTrac has reported that foreclosures increased by 81 percent in 2008, with 3.2 million foreclosure filings across the country. A short sale offers homeowners an alternative to foreclosure, bankruptcy or just walking away from their homes if they can not make the payments. A short sale means selling the home for less than what is owed on the mortgage.

Matt Martin Real Estate Management of Vienna, Virginia, has successfully closed countless short sales in the Washington DC area in 2008. The average amount forgiven on each loan was $141,000.

MMREM has clients spread across 35 states, with a high concentration in Florida, California and Ohio. These short sales were part of 800 successful residential closings the real estate company recorded last year.

"We have a 92% percent success rate with our short sales," says Mitchell Johnson, Director of Business Development for Matt Martin Real Estate Management. "Interest in short sales remains strong. RealtyTrac has reported that foreclosures increased by 81 percent in 2008, with 3.2 million foreclosure filings across the country. A short sale offers homeowners an alternative to foreclosure, bankruptcy or just walking away from their homes if they can not make the payments. A short sale means selling the home for less than what is owed on the mortgage."

For the month of January 2009, Matt Martin Real Estate Management had 500 short sale listings in its inventory in the Washington DC markets, with 42 percent of those homes already under contract. The Northern Virginia real estate firm is assisting in the sale of foreclosed properties for the Department of Housing and Urban Development in Ohio and other properties nationwide. Other clients of MMREM are, multiple distressed debt purchasing firms based nationally. Matt Martin Real Estate Management works with 73,000 agents across the country.

About Matt Martin Real Estate Management

Matt Martin Real Estate Management is located in Vienna, Virginia. Founded in 2005, Matt Martin Real Estate Management is a financial servicer currently focused on consumer and lender workouts, short sales and disposition of both residential and commercial property which is in the possession of a lender as the result of foreclosure.

Matt Martin Real Estate Management includes a team of professionals who have been working in loss mitigation for 20 years and who have completed more than 10,000 short sales. They have successfully saved more then 15,000 consumers from foreclosure through numerous methods of loss mitigation.

For more information on Matt Martin Real Estate Management and foreclosed properties for sale, visit http://www.mmrem.com or call Mitch Johnson Director of Business Development 703-766-5777.

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