(PRWEB) July 21, 2011
According to RealtyTrac, 2011 foreclosures are anticipated to surpass 2010 by a huge margin 4 million filings are expected this year and that number does not include the more than five million delinquent loans not however in the initial stages of the foreclosure process.

Many Americans facing the prospect of foreclosure are turning to a quick sale as a much better alternative. What a lot of do not realize, however, is that finishing a quick sale may not completely cancel all of the debt connected with their property.

According to Raffi Tal, Executive Vice President, I Short Sale, Inc., “In several states, if an individual loses his residence, the lender can nevertheless go following that homeowner’s other assets for any deficiency. Even men and women with second liens like HELOCs, delinquent homeowner association dues, delinquent property taxes face that prospect.” Tal continued, “401k assets can be attached, IRAs can be attached for lenders, it is all a matter of dollars and cents. This is the depth of an issue that nobody likes to talk about. At I Quick Sale, negotiating a discharge of debt is a leading priority and some thing we negotiate with lenders every day.”

For distressed property owners searching at a short sale as a far better option to foreclosure, it’s most critical that they look to work with an seasoned, knowledgeable, profitable brief sale company that understands all aspects of lender negotiation, and that consists of negotiating a discharge of debt.

Although numerous distressed homeowners believe a loss of equity or not getting capable to spend their mortgage is their biggest problem, particularly for retirees and pre-retirees who don’t have the timeframe or capacity to rebuild financially, it is really this discharge of debt that could be the pivotal situation impacting their financial future.

I Brief Sale, Inc. based in Woodland Hills, California, has facilitated brief sales, loan modifications, forbearances, deeds in lieu and other loss mitigation options for property owners and lenders given that 1991. For much more data, visit http://www.ishortsale.com I Brief Sale, Inc. is component of the Peak Corporate Network. As a major authority in the real estate market, the Peak Corporate Network entities provide a complete array of comprehensive actual estate solutions which includes residential and industrial brokerage solutions, mortgage financing, loan servicing, escrow solutions, foreclosure processing and 1031 Exchange, nationwide.

The Peak Corporate Network is not a business entity the brand represents a group of connected separate legal entities each and every providing its special set of real estate services.

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