Help Protect Your Clients from Foreclosure

Posted on Feb 21 2008 | By Kathleen · Comments (2)

Mortgage WoesSubprime lending, predatory lenders, foreclosures, short sales – there’s a lot of concern about all of those issues.  And, naturally, as much education as you can provide to your prospects and clients, the better off they’ll be.

NAR has a brochure available called Learn How to Avoid Foreclosure and Keep Your Home.  The brochure was produced jointly by NAR, the Center for Responsible Lending, and NeighborWorks®, and it covers topics such as the types of loans that tend to get homeowners into trouble, and the steps their lenders may be willing to take to assist them in avoiding foreclosure.

Here’s another opportunity to position yourself as an expert, and to provide a professional handout to get people’s attention.  People who may be susceptible to predatory lenders or who want to avoid foreclosure will be likely to keep this type of a handout – and remember the person who gave it to them.

The member cost is $20 for a pack of 50.  For 40 cents a person, it might be an excellent investment.  The brochure could also be a useful resource to help you quickly write a page on your website, or a post on your blog, to address the same issues.

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2 Comments

1

What a great addition to any real estate office and sure to provide much interest. Nice post we all need to be better educated when going thru the lending process.

2

Good post. A short sale can help people who are behind on their mortgage payments, can no longer afford their homes, but want to avoid foreclosure regardless of good or bad credit. It’s important that we protect our clients!

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