Local Agent Takes a Stance Against Strategic Default and Foreclosure

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Online report outlines the realities of “strategic default”—or walking away from a mortgage—and provides solutions for homeowners struggling to make mortgage payments in the Greater Seattle and King, Pierce, and Snohomish Counties.

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There are alternatives to foreclosure. We are here to help navagate homeowners through them.

Local CDPE-designated agent, Wes Jones of http://www.NWTradition.com, in Bellevue Washington, has developed a website report providing information regarding the truth about a mortgage trend called “strategic default,” where homeowners walk away from their mortgages.

“There is a growing trend of distressed homeowners who have heard that a strategic default may be their best option,” Wes Jones said. “With this report, I’m showing homeowners that there are alternatives to foreclosure that can actually help them move on to a more stable financial future, rather than further damaging their credit, security clearance, or current or future employment. With nearly 1 in 4 mortgages nationwide upside, Washingtonians need this information more than ever”.

This community resource is available at http://www.WesternWashingtonShortSales.com and explains the benefits of short sales, or selling a property for less than the current mortgage amount owed. Benefits include less damage to credit scores, and the ability to qualify for a future mortgage more quickly.

In a recent study, the Chicago Booth/Kellogg School Financial Trust Index estimated that 36 percent of Americans would consider walking away from their mortgage if they were “underwater,” or owed more than the property was worth. Now that one in four Americans is currently underwater, Jones sees the need for greater education.

“Individual homeowners as well as our entire community would suffer the consequences of strategic default,” Jones said. “I can share solutions and alternatives that can help preserve the financial stability of distressed homeowners and the values of our neighborhoods. In January alone, there were 4,981 foreclosure filings in our great state. This number is down from previous months, but is prime to rise again this spring and summer”.

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

IMPORTANT GOVERNMENT DISCLOSURE: You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender (or servicer). If you reject the offer, you will not have to pay us for our services. The above brokerage is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.

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