Agent Provides Resource to Foreclosure Alternatives

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It is important that everyone knows all of the alternatives to foreclosure. Currently, one in five mortgages is in some stage of delinquency and one in four homes owe more than it is worth. Once a mortgage payment has been missed, the lender has the ability to begin the foreclosure process. For homeowners struggling with mortgage payments, website explains differences between foreclosure and short sales.

Local CDPE-designated agent, Joel Gruenke of Keller Williams Real Estate in Bucks County who serves homeowners in Pennsylvania and New Jersey, has released an informational report comparing the various options homeowners have when they find themselves getting behind on payments.

The report can be found at http://www.AForwardMove.org and provides a thorough explanation of the various options homeowners have.

“Considering how damaging foreclosure can be for the homeowner and the surrounding community, it is important that everyone knows all of the alternatives available,” Gruenke said. “This report is the latest addition to my website, which gives distressed homeowners a way to inform themselves of their best options.”

Currently, one in seven mortgages is in some stage of delinquency and one in four homes owe more than it is worth. Once a mortgage payment has been missed, the lender has the ability to begin the foreclosure process. A short sale can potentially minimize the damage to one’s future loan eligibility, credit score, employment, security clearance and more.

“We often see homeowners enter the foreclosure process without any visible means of professional guidance,” Gruenke said. “My hope is to inform the community that there are legal, dignified alternatives to foreclosure.”

The CDPE designation provides real estate agents with the tools and knowledge needed to efficiently, ethically and effectively pursue foreclosure alternatives, specifically short sales. In addition to their initial training, CDPE-designated agents are connected to a network of professionals via the Distressed Property Institute, allowing them to remain regularly updated on the complex and quickly changing real estate market.

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Joel Gruenke