President Bush Speaks Out On The Foreclosure Crisis

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News Archive > 2007 > Dec > 13
The Concern From The President Sends A Warning Signal
For_Immediate_Release:

United States of America (Press Release) December 13, 2007 -- St. Augustine, FL—In August 0f 2007 President Bush promised to initiate steps to assist homeowners who are behind on their mortgage payments.

The President’s action is of specific interest to Florida residents. An annual statewide survey of homeownership recently found that 16% of Florida homeowners have been or know somebody who has been in the foreclosure process. In the counties of Broward and Palm Beach, the number of homeowners facing foreclosure has risen steadily over the past 12 months. From 517 in 2006 to 1,420 and from 298 in 2006 to 1,063 respectively, the numbers have tripled in less than one year. Pre-foreclosure is identified as a strategy and opportunity. The opportunities range from intervening in the pre-foreclosure process aiding a customer to stop a home foreclosure and redeem equity in the property to assisting a buyer in obtaining a property at a price below market value after a bank foreclosure. President Bush promised to position the administration behind innovative foreclosure avoidance initiatives. Jeff Kaller, visionary, educator and real estate developer has pioneered the most preeminent pre-foreclosure system in the United States. Kaller specializes in a well kept industry niche; he teaches the real estate secrets of purchasing pre-foreclosure properties while executing real estate theory to actual practice. “As the markets experience a period of transition, investors have the opportunity to assess and enter the market, the area that has shown particular promise is the pre-foreclosure sector,” said Kaller. All though some monthly commitments are met when it comes to mortgage payments, with a jump of interest rates the average home owners has found it increasingly difficult. Now all Borrowers, regardless of class and financial standing, ae finding it difficult to get new loans. Pre-foreclosures create a whole category of homes and potential investments. Any investor should take caution noting that these properties may have risks in the form of liens or other debts so education in specific techniques is essential. The mortgage crisis is exposing large vulnerable openings in the country’s financial fabric.

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Contact Information:
Paramount Promotions LLC (The Countries Leading Short Sale Trainer)

Mary Geronimo
303-B Anastasia Blvd. #148
St. Augustine, FL 32080
904-819-0676
Email Address: mgeronimo@thejeffkaller.com
http://www.FreeShortSaleCourse.com
This Press Release has been submitted by PREasy.com


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For more information:

Mary Geronimo
303-B Anastasia Blvd. #148
St. Augustine, FL 32080
904-819-0676
Email:mgeronimo@thejeffkaller.com

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