Local Agent Releases New Report Outlining Straightforward Solutions for Homeowners Seeking to Avoid Foreclosure

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Online report outlines lender participation and government programs for homeowners struggling to make mortgage payments in the Twin Cities & surrounding suburbs.

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“With this report, I’m showing homeowners the benefits of short sales to their financial futures, and to the stability of our community.”

Local CDPE-designated agent, Jeff Firnstahl of Team Firnstahl Real Estate Services, has developed a website report providing information regarding the availability of lender and government programs to avoid foreclosure, including the Home Affordable Foreclosure Alternative Program, or “HAFA.”

This community resource is available at http://www.TeamFirnstahlHelps.com and explains the benefits of short sales, or selling a property for less than the current mortgage amount owed. Benefits include decreased damage to credit, protection of security clearance and the potentially harmful affects of foreclosure on employment. Some programs offer cash incentives for homeowners who are struggling with mortgage payments and successfully complete a short sale or deed-in-lieu of foreclosure.

“Lenders and the federal government have recently updated and enhanced their foreclosure avoidance programs, making more members of our community eligible for assistance,” Firnstahl said. “With this report, I’m showing homeowners the benefits of short sales to their financial futures, and to the stability of our community.”

In late December 2010, the Department of the Treasury updated and improved eligibility standards for the HAFA program. They also enhanced efficiency guidelines for lenders, streamlining the process and making it a more effective solution for homeowners to avoid foreclosure.

Outline of government programs, loan modifications and short sales have been showing vast improvements,” Firnstahl said. “Lenders are ramping up their resources and putting systems in place to make their foreclosure alternative programs more efficient.”

The CDPE Designation Firnstahl has acquired provides a specific understanding of the complex issues confronting distressed homeowners. Through comprehensive training and experience, CDPE-designated agents are able to provide solutions for homeowners facing financial hardship in today’s market.

To learn more, visit http://www.TeamFirnstahlHelps.com.

For more information about the CDPE Designation, visit http://www.CDPE.com.

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