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More Homes Going into Foreclosure in 2009

by JoAnn Peters

Tips for homeowners in distress to avoid Foreclosure.
Most people have options when it comes to foreclosure,
Very few people know exactly what to do or where to go!
Whether is be refinance options, modifying your loan, or Short Sale,
Seak advice from someone who has the training, knowledge, and tools to help you in a time of financial hardship (free of charge). An agent who has earned CDPE© Certified Distressed Property Expert© designation has dedicated their time and effort to understanding the issues distressed homeowners are dealing with.
So if you or anyone you know is considering bankruptcy or in fear of going into forclosure, now is the time to learn your options. Feel free to call Jerry Pilgrim today! 717-757-5955 or visit www.YorkShortSales.com
He is available to explain the options and paths in front of you, to help you choose the best solution for you and your family.

Local Realtor Helps Families Dodge Foreclosure Bullet.

by Professional Realty Associates

Local Realtor, Jerry Pilgrim, earns Harris Real Estate University Diploma as a Certified REO Specialist, making him an expert at selling forclosed properties. He has also earned the Certified Distressed Property Expert Designation (CDPE) through the Distresssed Property Institute. As a CDPE agent I have the tools and information homeowners need to avoid Foreclosure and move forward with their lives.

A national epidemic is looming. Are you ready? We are in the most challenging real estate market since the Great Depression with no end in site for the immediate future. The government can only do so much to help victums of this situation. That is where specially educated and trained Real Estate Brokers like Jerry Pilgrim are here to help. The key is to take the corrective measures as soon as a Home Financing payment can not be made on time. Our Goal is to help homeowners in distress avoid foreclosure and sell their properties. Jerry is a PA broker/owner and York County Native serving customers since 1984.

see: http://www.YorkShortSales.com

Jerry Pilgrim
Professional Realty Associates
"Pilgrim Team"
717-757-5955
www.PilgrimTeam.com
www.YorkShortSales.com
jpilgrim@pilgrimteam.com

Certified Distressed Property Expert©

by Professional Realty Associates

Get Help for Your Home:

York County Realtor Becomes a Professional on Distressed Properties

 

Orlando, Fla.—In today’s market, more and more homeowners are finding themselves in financial distress due to real estate than ever before. If you are a homeowner in danger of losing your home, do not get discouraged—there are many options to get your finances back on the right track. That’s why Jerry Pilgrim, broker of Professional Realty Associates in York, recently became a Certified Distressed Property Expert © (CDPE) and a member of the Distressed Property Institute.

 

The CDPE designation is a nationally recognized certification given to agents who have dedicated their time and effort to understanding the issues distressed homeowners are facing. After taking multiple courses and training sessions, the agents are better equipped to deal with entering the distressed property market—REOs, short sales, preforeclosures and working with investors.

 

Foreclosure is a devastating financial and emotional process for a homeowner to go through, and in many cases they do so alone and without help. Homeowners who are in the preforeclosure process need to speak with an agent as quickly as possible. If you are a homeowner in distress, Jerry believes the best solution for homeowners is to seek the guidance, counsel and services of an educated and trained real estate agent. Homeowners no longer have to go it alone. Jerry has received the tools, information and tactics to effectively help homeowners through his certification from the Distressed Property Institute.

 

One of the first options a homeowner has to avoid foreclosure is a loan modification, or loan restructuring, which is simply a permanent change in one or more of the terms of the Home Financing loan. If a homeowner runs into temporary financial hardship, the next option is to negotiate for a loan forbearance, which reduces or delays payments for a short amount of time with the understanding that the account will eventually be brought to a current status.

 

While these two options do serve as practical alternatives to foreclosure, they still leave homeowners with the same burden of debt. The more favorable option, according to real estate experts, which considerably benefits both the homeowner and lender, is a Short Sale. A short sale is an agreement wherein the lender allows for the homeowner to sell the home at a price lower than the Home Financing-debt amount. The lender will then take the proceeds from the sale as a settlement for the mortgage debt. A short sale becomes a beneficial alternative when the homeowner’s mortgage debt is higher than the property’s value.

 

It’s a complicated market out there, but Jerry Pilgrim, a CDPE professional, is an agent who understands the full range of solutions and is ready to help. Distressed homeowners need an advocate like Jerry—who chose to set himself apart from other agents by receiving formal training to help homeowners in financial crisis.

 

If anyone would like more information about this topic or to schedule a meeting with Jerry Pilgrim, please call Professional Realty Associates at (717) 757-5955 or e-mail their request to JPilgrim@PilgrimTeam.com. www.YorkShortSales.com

York County PA Housing Statistics

by Jerry

Useful Information about York PA Housing Statistics

Single Family Homes for sale in york pa:

Jan-May 08' SOLD Units - 938 represents a 14% decrease over the same time period in '08. It also represents a 33% decrease over '07.

Time on Market for sold Homes for sale in york pa in '09 for same time period was 85 days.

Homes for sale in york pa that are currently Active (unsold) have been on the market 120 days.

The Median home price  dropped form a high in '07 of $221,013 to $211,335 in '08 to $188,588 a 33% decline.

What these statistics mean for Buyers is obvious. If you have the means to buy a home NOW is the time. The low interest rates couples with the more affordable home prices in York County PA. The $8,000 dollar tax rebate will run out Dec 1st of this year.

For Home Sellers the home must be priced to the market or it will become another unsold statistic. You will need to choose a Realtor with an A+ marketing program that will give your home maximum exposure to potential home buyers. List your home with Jerry Pilgirm and you will get just that.

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Photo of The Pilgrim Team Real Estate
The Pilgrim Team
Professional Realty Associates
2002 S Queen St, Suite 3
York PA 17403
Office: 717-757-5955
717-755-2683
Fax: 717-757-2887