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Stopping Foreclosures in York PA One Homeowner at a Time

by The Pilgrim Team

FOR IMMEDIATE RELEASE                         

For more information, please contact: 

                                                                                                                              Jerry Pilgrim

                                                                                                                   [email protected]

 

Local Agent Takes a Stance Against Strategic Default

 

Online report outlines the realities of “strategic default”—or walking away from a Home Financing—and provides solutions for homeowners struggling to make mortgage payments in York County, PA.


York, PA -  Local CDPE-designated agent, Jerry Pilgrim of Professional Realty Associates, has developed a website report providing information regarding the truth about a Home Financing trend called “strategic default,” where homeowners walk away from their Home Loans.

 

“There is a growing trend of distressed homeowners who have heard that a strategic default may be their best option,” Pilgrim said.  “With this report, I’m showing homeowners that there are alternatives to Foreclosure that can actually help them move on to a more stable financial future, rather than further damaging their credit, security clearance, or current or future employment.”

 

This community resource is available at www.YorkShortSales.com and explains the benefits of short sales, or selling a property for less than the current Home Financing amount owed. Benefits include less damage to credit scores, and the ability to qualify for a future mortgage more quickly.

 

In a recent study, the Chicago Booth/Kellogg School Financial Trust Index estimated that 36 percent of Americans would consider walking away from their Home Financing if they were “underwater,” or owed more than the property was worth. Now that one in four Americans is currently underwater, Pilgrim sees the need for greater education.

 

“Individual homeowners as well as our entire community would suffer the consequences of strategic default,” Pilgrim said. “I can share solutions and alternatives that can help preserve the financial stability of distressed homeowners and the values of our neighborhoods.”

 

The CDPE Designation Pilgrim has acquired provides a specific understanding of the complex issues confronting distressed homeowners.  Through comprehensive training and experience, CDPE-designated agents are able to provide solutions for homeowners facing financial hardship in today’s market.

 

To learn more, visit www.YorkShortSales.com.

For more information about the CDPE Designation, visit www. CDPE.com.

 

IMPORTANT GOVERNMENT DISCLOSURE: You may stop doing business with us at any time. You may accept or reject the offer of Home Financing assistance we obtain from your lender (or servicer). If you reject the offer, you will not have to pay us for our services. The above brokerage is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.

Local Agent Provides Resource on Foreclosure Alternatives, Short Sales

by The Pilgrim Team

FOR IMMEDIATE RELEASE                                                                           For more information, please contact:

                                                                                                                                               Jerry Pilgrim

                                                                                            Pilgrim Team of Professional Realty Associates

                                                                                                       717-757-5955 or [email protected]

                                                                                                                            

Local Agent Provides Resource on Foreclosure Alternatives, Short Sales

For homeowners struggling with Home Financing payments, website explains differences between foreclosure and short sales.

 York, PA – 11-15-2010– Local CDPE-designated agent, Jerry Pilgrim of Professional Realty Associates, has released an informational report comparing the consequences of a Short Sale and foreclosure.

 The report can be found at http://www.stopyorkpaforeclosure.com and provides a thorough explanation of how a short sale may potentially improve a homeowner’s future financial stability.

 “Considering how damaging foreclosure can be for the homeowner and the surrounding community, it is important that everyone knows all of the alternatives available,” Pilgrim said. “This report is the latest addition to my website, which gives distressed homeowners a way to inform themselves on their best options.”

 Currently, one in seven Home Loans is in some stage of delinquency. Once a Home Financing payment has been missed, the lender has the ability to begin the foreclosure process. A short sale can potentially minimize the damage to one’s future loan eligibility, credit score, employment, security clearance and more.

 “We often see homeowners enter the foreclosure process without any visible means of professional guidance,” Pilgrim said. “My hope is to inform the community that there are legal, dignified alternatives to foreclosure.”

 The CDPE designation provides real estate agents with the tools and knowledge needed to efficiently, ethically and effectively pursue foreclosure alternatives, specifically short sales. In addition to their initial training, CDPE-designated agents are connected to a network of professionals via the Distressed Property Institute, allowing them to remain regularly updated on the complex and quickly changing real estate market.

 For more information about the CDPE Designation, visit www.cdpe.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