Happy Thanksgiving From Loss Mit Services

Posted on 24. Nov, 2009 by ctlms in Short Sale

Tis the time for thanks

I would like to extend a personal thank you to all the agents I have worked with, consulted and met or conversed with this year.

Since I began offering short sale negotiation services to the public earlier this year I have been amazed at the growth of my business.  Yet more than that, I have been humbled by the many families I, and the agents I work with, have been able to help.

Together we have been able to help many families and individuals avoid foreclosure, minimize credit damage, avoid bankruptcy and avoid foreclosure.

Our efforts also help to stabilize the market by assisting our clients to sell their properties before they are foreclosed on and become vacant, lifeless soars on our streets.  Statistics show that once a property is "Bank Owned" its value declines and drags down the neighborhood with it.  We help to avoid the chain reaction this has on other properties and their families.

But our work is far from done.  A recent CNNMoney article noted that "Almost 10.7 million U.S. mortgages were "underwater" as of September, said research firm First American CoreLogic.

Another 2.3 million homeowners are within 5% of negative territory, the report said. The two figures combined comprise almost 28% of all residential properties with mortgages."

The article also warns of the future default of a huge number of option-ARMs that were written to Prime Borrowers.  With the current decline in property values, loss of employment and pending rise in interest rates, this is the next sector to default in huge numbers.

Already short sales and foreclosures are a huge part of our inventory.  Make sure you are prepared when a short sale listing comes your way.

We are currently scheduling our January office presentation schedule and would be happy to speak at your office.  If you think your office could benefit from a presentation on what to look for and avoid with these transactions, give us a call to schedule a presentation.  There is no charge, we are happy to do it.

The more we all know, the more people we can help.

Happy Thanksgiving from Sean & Anne-Marie at Loss Mit Services

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As always Visit the Ask The Expert Page to leave your questions or contact me directly if you need immediate assistance at 860-265-3727, sean@ctlms.com or visit www.CTLMS.com

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