Adjustable Rate Mortgages have done their Damage and they aren`t Done Yet
Released on: March 26, 2008, 4:06 am
Press Release Author: Mark Maupin
Industry: Real Estate
Press Release Summary: Homeowners all across the U.S. have been hit hard by the increase of interest rates on adjustable rate mortgages (ARMs). But the onslaught isn't over yet, real estate professionals say rates are about to reset in coming months.
Press Release Body: Throw in a credit crunch that will close off most opportunities to refinance to falling housing prices, and it\'s likely that hundreds of thousands more will face foreclosure. Most will not be able to find help, and the foreclosure rate could climb even higher than it did in 2007. Reaction from state and federal officials continues to give lenders and loan services the benefit of the doubt in the form of voluntary compacts and agreements to pick up the pace and increase the volume of loan modifications. To almost every housing counseling hotline in the region, the phone calls are incessant. The average foreclosure prevention counseling agency, is answering 150 calls a week from borrowers, far more than it can actually help. Nationwide, the wait time to see a counselor used to be one day, now the homeowner in need can expect to wait one week. More and more experts agree that the damage can't be undone. Renowned real estate investor and instructor, Jeff Kaller, suggests a different approach to solving this problem. "Pre-foreclosure investing is the most effective solution to salvage the real estate market" he said. Seminar training from professionals is the best method to find pre-foreclosures. \"You need quality real estate training and education from a real-world, hands on professional to work with you. The real estate market is in the midst of a major correction and opportunities must be recognized first. Jeff teaches the real estate secrets of purchasing pre-foreclosure properties while executing real estate theory to actual practice. To learn more go to http://www.freeshortsalecourse.com/
Contact Information: Paramount Promotions LLC (The Countries Leading Short Sale Trainer)
Mark Maupin 303-B Anastasia Blvd. #148 St. Augustine, FL 32080 904-819-0676 Email Address: mgeronimo@thejeffkaller.com This Press Release has been submitted by PREasy.com
Web Site: http://www.jeffsworkshop.com/
Contact Details: Mark Maupin 303-B Anastasia Blvd. #148 St. Augustine, FL 32080 904-819-0676 Email:mgeronimo@thejeffkaller.com