Waltham, MA (PRWEB) December 11, 2010
McGeough Lamacchia Realty, Inc., New England’s top agency in Quick Sales, assisting distressed homeowners and their family transition respectfully to a path of economic stability and recovery, announces these days that regardless of the downward market – trends are showing indicators of improvement. McGeough Lamacchia Realty warns of not getting too complacent throughout the vacation season, if your home is in jeopardy of foreclosure.

Each Fannie Mae and Freddie Mac have announced that they will suspend foreclosures and evictions from December 20th to January 3rd. Back in late August and via early October both Fannie Mae and Freddie Mac turned up the heat with foreclosures across the nation. Thousands of houses have been foreclosed on in the course of the six week period. Realtors across the nation strongly shared their concerns about banks not extending foreclosures in an effort to permit enough time for Brief Sales to close. Thousands of homeowners voiced concern following failed attempts at loan modification denials. Consumers were not presented sufficient time to navigate the newly defined waters of HAFA- Residence Affordable Foreclosure Alternative (program created to exit the property via Short Sale or Deed in Lieu of foreclosure). Millions of Americans, who attempted loan modifications and received denial notifications, virtually immediately received foreclosure dates.

Soon after the “Robo Signing” debacle hit in October, it appears that the foreclosures have slowed down. It is eminent nonetheless, right after the holidays, foreclosures will drastically resume. Homeowners who can not afford their homes and who uncover themselves in a negative equity position (upside down) need to have to get aggressive and proactive right away. It is essential that customers do not delay due to the fact of the holidays. They want to aggressively pursue a loan modification, a short sale or a deed in lieu correct away. There are nevertheless too many complacent distressed home owners that are behind and have gotten used to the banks not enforcing the foreclosure and eviction. These days are gone.

Final week Terrance Edwards, Executive Vice President of Fannie Mae, stated Fannie Mae is making use of a Single Track system in loss mitigation which means, they do not instruct servicers to pursue foreclosure if a borrower is functioning on a loan modification. Mr. Edwards accurately stated the fact that borrowers who pursue Loan Modifications, sooner rather than later, are far more likely to succeed. He is right about that and that is the very same case for Brief Sales. We know from our encounter that it is a lot simpler to perform on a Quick Sale when there is not a foreclosure date scheduled.

At McGeough Lamacchia we take a proactive approach working with our consumers to move their house in a brief sale, allowing peace of mind in an otherwise pressure filled situation. It is our purpose to operate with distressed homeowners, clarify their possibilities and typically assist them in selling their properties with dignity via a Quick Sale, commented Anthony Lamacchia, Co-Broker and Owner, McGeough Lamacchia Realty, Inc. We have in depth bank contacts and over 85% of our Short Sales are approved, he went on to share.

About McGeough Lamacchia Realty, Inc.
A complete service Massachusetts real estate agency, at the moment specializing in Quick Sales. McGeough Lamacchias understanding of the Quick Sales procedure, deep relations with lenders, and understanding of the complicated and evolving government response to the mortgage crisis enables property owners to locate efficient and dignified solutions when selling their home. McGeough Lamacchia is based in Waltham, Massachusetts and serves Massachusetts, New Hampshire and Rhode Island. To find out more log onto, http://www.MLRealtyNE.com.

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