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Some Recent Statistics
Posted on 31. May, 2009 by ctlms in Short Sale, foreclosure
Here are some of the recent headlines in the pre-foreclosure industry.
Connecticut Foreclosures Set New Record. As of Mar. 31, the state had 28,285 home mortgages either in foreclosure or 90 days past due. Job loss is now the leading cause of new delinquencies. And we haven't even gotten to the Alt A loan rate hikes yet. There will be more to come.
Nationally 12.07 percent of mortgages were delinquent or in foreclosure during the first quarter, according to a survey by the Mortgage Bankers Association.
Nar estimated earlier this year that over 50% of all real estate transactions nationwide in 2009 will be short sales or REOs.
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Bio
Sean Wilder started in the pre-foreclosure business in 2007. Previously he enjoyed successbusiness in the transportation industry, real estate investing and as a licensed Realtor. Sean brought the same determination and work ethic that lead to great success in his previous businesses to Loss Mit Services based in East Windsor, CT. His focus, combined with his drive to succeed, have been essential to his success as one of the area's top short sale negotiators.
Known for finding creative ways to overcome hurdles and never ending persistence; Sean, believes in the power of team. Sean and his team are in the trenches everyday, plowing through challenges and objections while negotiating with various lenders, and finding solutions to difficult problems. It is this daily experience that brings Loss Mit Services consistent success and provides them the knowledge to share.
Sean belongs to a number of industry groups and associations that allow him to collaborate, share, learn, teach and stay updated on the latest changes in the pre-foreclosure industry at the federal, state, local and lender specific levels.
Effective Oct 1, 2009 all debt negotiation companies that offer loan modification, short sale, or foreclosure rescue services needed to be licensed by the CT Dept of Banking. Sean and his company Loss Mit Services were the 1st to be awarded the Debt Negotiation License NMLS # 828273 which can be verified at the CT Dept of Banking Website by Clicking Here. In addition, effective Oct 1, 2011 Debt Negotiators were required to also be licensed Mortgage Loan originators and Sean also has received this license, NMLS# LO-831853.
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