Austin, TX (Vocus) June 11, 2009
With the Mortgage Bankers Associations (MBA) current release of its National Delinquency Survey, the Distressed House Institute sees continued difficulty for the residential genuine estate market.

Regardless of the greatest efforts of bank and government initiatives, the reality is that an increasing quantity of homeowners are going into foreclosure, said Alex Charfen, co-founder and CEO of the Distressed Property Institute, a premier real estate education organization education genuine estate experts how to deal with distressed properties. Were seeing record increases reported in foreclosures and delinquencies across the country.

The MBA survey reported that the combined percentage of loans in foreclosure and at least one particular payment previous due, meaning the percentage of mortgage holders not current on their mortgages, was 12.07 percent on a non-seasonally adjusted basis. In addition, the seasonally adjusted delinquency and foreclosure price for subprime loans was reported to be 39.29 percent.

Distressed properties are no longer a niche within the market today they are the marketplace, Charfen mentioned. The figures published by the MBA show continuing challenges across all mortgage categories, not merely the subprime. These statistics, combined with a climbing unemployment rate, make a powerful argument for a continuing, growing trend in delinquencies and foreclosures.

To stem the suffering and curb this foreclosure crisis, there simply must be far more true estate specialists educated in quick sales and the other options available to distressed property owners, and the Distressed House Institute is on the forefront of education actual estate pros to give home owners with solutions.

Every single month we expect to train more than 800 brokers and agents, as effectively as attorneys, title representatives, accountants and other individuals, to aid the growing number of distressed homeowners steer clear of disaster.

Graduates of the Institutes instruction get the Certified Distressed Home Expert