Saint Louis, MO (PRWEB) November 25, 2011
Joe LoPiccolo, Broker/Owner of American Realty Group, a real estate brokerage primarily based out of St. Louis County, right now announced the availability of a free, educational report for St. Louis property owners which will assist region residents comprehend their possibilities when facing foreclosure. The report, which was launched earlier nowadays on their website, will let homeowners to grow to be a lot more knowledgeable about the various options to foreclosure.

A Certified Distressed House Expert (CDPE), LoPiccolo pointed out that the long-term implications of foreclosure can not be underestimated, and has created a report entitled, Want a Assisting Hand?

Nationwide, ten.9 million or 22.five % of all property owners with a mortgage owe much more on their house than its worth in the current industry, and one more 6.three million are in some stage of foreclosure, noted Joe LoPiccolo of American Realty Group.

The downloadable report, which can be accessed from http://www.stlshortsaleexperts.com, delivers St. Louis region home owners an easy to comprehend, however detailed informative list of often asked concerns and options for these who are facing foreclosure and are exploring extra possibilities. Any nearby homeowner in pre-foreclosure can advantage from reading the report and at the really least, commence producing essential choices on how they want to proceed with their lenders.

As well often, the anxiousness connected with missed mortgage payments and the worry of placing trust into the wrong hands, causes home owners who are heading toward foreclosure to steer clear of in search of help or pursuing a quick sale, LoPiccolo mentioned.

This community resource defines foreclosure alternatives, including quick sales, loan modifications and forbearance.

The holidays are a time of joy and household, but for numerous in St. Louis, this is also a time of elevated financial strain, LoPiccolo stated. With this report, Im helping home owners in my community understand more about their options so they can have hope to carry them via the holidays.

The report highlights the benefits of a quick sale, which occurs when the present market place value of a home is worth significantly less than what is owed on a mortgage and a true estate agent negotiates with the lender on behalf a financially strapped homeowner to accept a loan payoff that is less than the amount owed. Whilst lenders have been when reluctant to negotiate brief sales, the existing glut of foreclosed properties on their books has prompted an aggressive push to mitigate losses, and some are even paying property owners important money incentives to make a fresh start on their lives following the close of the quick sale, LoPiccolo explained.

The report also information other foreclosure options such as mortgage modificationswhich is one more process that the federal government and trade organizations are pushing to be streamlined and how it has grow to be a viable resolution for each struggling home owners and lenders to locate frequent ground in this challenging housing environment.

The CDPE Designation LoPiccolo has acquired offers real estate experts with particular understanding of the complex issues confronting distressed home owners. By way of extensive education and encounter, CDPE-designated agents are in a position to supply solutions for property owners facing financial hardship in todays industry.

“Taking twenty minutes of your time and reading this report ought to be the first step”, LoPiccolo stated.

About American Realty Group

American Realty Group is a complete service residential true estate firm representing both purchasers and sellers in the Saint Louis and Surrounding Metropolitan areas with a specialization in St. Louis quick sales.

Find out a lot more at: http://argrealestate.com

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