Woodland Hills, CA (PRWEB) October 22, 2008
Property owners, lenders and servicers are actively looking for solutions as the quantity of properties falling into foreclosure continues to break records.

Realty Trac recently reported that practically one in ten home owners is in danger of defaulting on their mortgage. The Case-Shiller index also illustrated that house rates have fallen 21.1% from their July 2007 highs with predicting markets expecting a additional 12% reduction. As the real estate crisis has led the economy to the brink of collapse, the panel discussed sensible options to deal with the major challenges connected with loss mitigation tactics.

The “Mastering the Quick Sale” panel presented short sale transactions as the most successful alternative to property foreclosure. On the featured panel was Eli Tene, who led the discussion on methods to method a short sale swiftly and the variety of challenges that come with it.

Panel topics incorporated: inaction on the component of lenders to discover viable options to default scenarios, basic advantages of the quick sale, and potential downsides of pursuing a loan modification. Tene insisted that most foreclosures will be eliminated if lenders adopt suitable procedures for dealing with default circumstances.

As an specialist in the field, with thousands of quick sales completed more than the previous 19 years, Tene stated that, “by performing a brief sale we keep families secure from the pitfalls of foreclosure as well as saving lenders from the heavy costs involved.”

Tene points out that the core causes of the problem stay unsolved. “When a person is losing their job or doesn’t make enough income, sooner or later a loan modification won’t hold. Many lenders are just delaying a predicament that could have been solved via a brief sale in the 1st location. Several of the loan modifications I see right now turn into brief sales and foreclosures shortly afterwards.”

The 5 Star Conference happens annually, bringing with each other numerous mortgage lending and default servicing sectors. The symposium seeks to promote the effectiveness of default servicing experts via independent education and networking activities. Participants addressed the industry’s present requirements and challenges in order to foster a remedy-driven atmosphere.

I Quick Sale has been assisting distressed home owners and industry experts by supplying mutually useful solutions. To learn much more about I Quick Sale or find out about upcoming seminar series, go to http://www.ishortsale.com or contact (877) 90-Short.

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