Anaheim, CA (PRWEB) March 16, 2011
Seven Gables Real Estate agent teams Moeller and Tri Stone are pleased to announce the opening of a new division, Recreate The Dream. This recently launched service offers complimentary loan modification advice to thousands of struggling American homeowners who were hit hard by the subprime mortgage crisis when the U.S. housing bubble burst in 2007 and for whom losing their homes is still a very real threat. Mortgage-delinquent homeowners who would like to take advantage of Recreate The Dream’s no-cost local community seminars and individual consultations can learn more online at http://www.RecreateTheDream.com.
In an attempt to reduce the aforementioned delinquent and at-risk borrowers’ monthly mortgage payments, in 2009 the U.S. Department of the Treasury announced details of the Home Affordable Modification Program (HAMP). Unfortunately, that effort produced less than hoped-for results.
Of the nearly 1.5 million HAMP trials that have been initiated since the program’s inception, more than half have been canceled because of the borrower’s inability to keep up with the new payments or because of his or her ineligibility for permanent assistance once income and other documentation were verified. And all indications are that the situation won’t be correcting itself anytime soon.
In late January, the Associated Press announced that “Foreclosure activity [was] up across most U.S. metro areas.” Indeed, “foreclosure activity jumped in 149 of the country’s 206 largest metropolitan areas last year.” That announcement followed on the heels of a Zacks Investment Research report that revealed home prices in November continued to slip.
As a result, more and more Americans are finding themselves in a negative equity situation, where their homes are worth less than their outstanding mortgages. Left high and dry by the U.S. Treasury, many of these homeowners have turned to high-priced attorneys and other experts to avoid losing their houses. Thousands of dollars later, a large percentage of these desperate individuals are still being denied assistance or are being steered in a direction that isn’t the right solution for their situation.
Re-Create The Dream, the equity division of Seven Gables Real Estate, offers these harried homeowners a no-cost alternative. Recognizing that its clientele have already been run through the financial wringer, Recreate The Dream provides low-cost loan modification assistance. The company is committed to helping its clients explore all of their options to ensure they are making the best long-term decision.
“Our group is unique in that we look at the big picture. We talk about credit implications, tax issues and, most importantly, deficiency issues we need to avoid at all costs. It’s never as simple as getting a loan modification approval. Any approval needs to make sense for the client,” explains Shauna Drumm, the company’s lead bank negotiator.
Re-Create The Dream’s clients appreciate that straightforward approach. “I am indebted to your team for reviewing my loan modification. Other companies wanted to charge me thousands, your team helped me understand all of my options, submitted my paperwork and didn’t charge me anything after discovering a loan modification was not right for me,” says Leslie Nepsa of her experience with the company.
For more information on Re-Create The Dream’s complimentary loan modification guidance, contact Nancy Moeller at (714) 276-7006. To learn more about the low-cost service that has led to over 220 successful loan modifications and short sales, visit Re-Create The Dream online at http://www.ReCreateTheDream.com.