A recent study in Nevada
(a state that holds the nation’s highest foreclosure rate), found that only 5%
of distressed homeowners knew they had alternatives to foreclosure, and only 3%
took advantage of them. It was also found that 1 in 4 homeowners chose to
“strategically default,” or allow their homes to be foreclosed upon on purpose!
Clearly, too few
distressed homeowners know their options and the fallout of foreclosure. If
they did, they’d soon realize that there’s nothing ‘strategic’ about
foreclosure, and that avoiding foreclosure is always the best plan to create
financial stability.
Millions of Americans
feel alone and trapped by mortgage payments they can no longer afford. In fact,
1 in 3 Americans with mortgages now owe more than what their home is
worth. And across Nevada, a stunning two-thirds of all homeowners
are underwater, making it the state with the highest percentage of underwater
borrowers nationally. However, more and more of them are finding
education on the responsible alternatives to foreclosure is helping them move
toward financial stability.
Education is key. The
more distressed homeowners know about solutions, the more likely they are to
overcome their financial challenges. I’ve seen this firsthand.
I can help with the
education part—it’s up to you to contact me!
Shanta Patton- Patton
Team - Las Vegas Short Sale Specialists, 702-302-2760, www.SellingLasVegasToday.com , www.ShortSaleLasVegasToday.com , *Email Me*, Wynn Realty Group
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