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Free Foreclosure and Avoidance Guide

by The Pilgrim Team

  Free Foreclosure Avoidance Guide

I wanted to provide information to you about some startling statistics regarding the latest distressed property trends.

In a recent study by Lender Processing Services (LPS), 6.38 million people were at least 30 days late on their Home Financing payments. If you or someone you care about is feeling the stress of an unaffordable mortgage, please take the time to review the free foreclosure avoidance guide I’ve place on my website: www.YorkShortSales.com

As a Certified Distressed Property Expert (CDPE), I can navigate a homeowner through a variety of options. I’ve listed some of the most common alternatives to foreclosures that homeowners can take advantage of to get back on the path to financial stability.

 

I would truly appreciate your taking the time to refer any homeowners you know that may need my assistance. I’m sure that they would appreciate it, too! The sooner they contact me, the more time we’ll have to develop a strategy to avoid foreclosure.

 

With gratitude,

Jerry Pilgrim

CDPE, CRS, E-pro, Broker/Owner

 

 

 

 

Break Free From Unaffordable Mortgage Payments!

by The Pilgrim Team

 

Break Free From Unaffordable Home Financing Payments!

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 the 1 in 4 homeowners chose to “strategically default,” or allow their Homes for sale in york pa to be foreclosed upon on purpose!

The Realtors Association of York and Adams County (RAYAC) and the local Multiple List Service report for York County that there are currently 3236 (Active) properties on the market as of May 24th, 2011.  There are 371 Short Sales included in that total, and there have been 276 Bank Owned Properties that have closed or are pending settlement and 260 properties have sold since January 1st. These numbers represent 536 total distressed properties or 27% of the properties sold.

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 Home Financing payments they can no longer afford. In fact, 27% of Americans with Home Loans now owe more than what their home is worth. 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 Jerry Pilgrim Broker/Owner of Pilgrim Team of Professional Realty Asscociates.

 

 

 

 

Fannie Mae and Strategic Defaults

by The Pilgrim Team

FANNIE MAE HAS COME UP WITH NEW STRATEGY ON HANDLING STRATEGIC DEFAULTS

Homeowners across the country and here in York, PA are hearing about the so called advantages of walking away form their financial obligation (Home Financing) on their home. Fannie mae has decided that they will not take this lightly when a homeowner has the ability to pay their mortgage, yet deciides not to. Fannie Mae announced they will not allow a homeowner to be eligible for a Fannie Mae backed loan for at least 7 years. They also have said that if a state that allows a deficiency judgement (Pennsylvania does) they will do just that. Fannie Mae is letting homeowners know they will not take this lightly and pursue a claim against these homwowners.

Think twice about how this can adversely affect their ability to get new credit and also could cause an potential or even a existing employer to hire or retain that person due to the Foreclosure and judgement on the credit report.

 

Buying a foreclosure or Short Sale property

by The Pilgrim Team

Most of the focus lately has been on home sellers who are trying to avoid Foreclosure but it also really helps to work with an agent who has experience when you're buying a foreclosure or Short Sale. The process is different and there are some extra steps along the way to a successful transaction.

Even though Pilgrim Team specializes in helping people avoid foreclosure we are also very experienced in helping buyers get a great deal when buying a foreclosure or short sale. The Pilgrim Team has experience in the whole process  from start to finish, whether it's buying or selling. If you're looking to get a great deal on your next home, or maybe just looking to make a good Real Estate Investment call us and we can help.

A recipe from the Pilgrim's Progress

by Cindy

I was reading The Pilgrim's Progress newsletter for October/November 2009 and found some very interesting articles in it.  This is written by a member ofThe Pilgrim Team at Professional Realty Associates.  Even though it is a small newsletter, it is packed full with a lot of information.  They had information on how to avoid Foreclosure, current Home Financing interest rates, all of their featured Homes for sale in york pa for sale in York, PA, positive articles, and the one I liked the best and that I wanted to share with you is a recipe.  I'm always looking for something easy, tasty, and different to make for dinner.  This recipe my whole family loved and it was very filling!!  This is a very informative newsletter!!  In this case, size doesn't matter! Here's the recipe.  I hope you like it as much as I did!!

Layered Enchilada Bake

 1 lb. lean ground beef

1 large onion,chopped

2 cups Chunky Salsa

1 can  (15 oz.) black beans, drained, rinsed

1/4 cup Zesty Italian Dressing

2 Tbsp. Taco Seasoning Mix

6 flour tortillas (8 inch)

1 cup Sour Cream

1 pkg. (8 oz.) Mexican Style or Cheddar Cheese

HEAT oven to 400ºF.

BROWN meat with onions in large skillet on medium-high heat; drain. Stir in salsa, beans, dressing and seasoning mix.

ARRANGE 3 tortillas on bottom of 13x9-inch baking dish; cover with layers of half each meat mixture, sour cream and cheese. Repeat layers. Cover with foil.

BAKE 40 min. or until casserole is heated through and cheese is melted, removing foil after 30 min. Let stand 5 min. before cutting to serve. Top with chopped tomatoes, shredded lettuce.

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
[email protected]

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 [email protected]. www.YorkShortSales.com

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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