American Foreclosure Specialists

American Foreclosure Specialists
american foreclosure specialists
american foreclosure specialists
american foreclosure specialists
american foreclosure specialists

Short Sale Specialist

Critics doubt the significance of Obama’s stimulus funds making their way into the job market.  The 26-year record high unemployment rate of 9.5% for June was greater than economic forecasters anticipated.  Republicans criticize the President’s $787 billion spending and promise of 3.5 million jobs saved or created as not working; Democrats argue the government is “ahead of schedule” for getting money to states, and deliberate pumping more money into the economy.  

The rising unemployment rate keeps consumer confidence down, and has had much sway over stock prices being driven down, with bond yields lower, as the less-than-responsive economy slowly warms to stimulus efforts.  The S&P 500 Index fell 1.9% last week to 879.13, which is the lowest since May 1st, and has recently fallen back 7.1% as of June 12.

The simple fact is the American consumer is, on the average, very nervous and uncertain what the future holds.  People are spending less and putting their money into savings, rather than spending, which economists don’t favor at this point in time. The personal savings rate rose 6.9% in May, which is the highest since December of 1993.  Stimulus tax cuts on paychecks, across the country, haven’t boosted American confidence in the economy or the market.

In the meantime, many people’s unemployment benefits are running out, and turning to welfare-related programs just to get by.  In April, food stamp usage surged by $725 million to a record high of $4.5 billion, driven by a 5-year, $20 billion funding increase.

What’s more, economists say it’s unrealistic to expect stimulus spending and tax cuts to restore the labor market and economic health in a mere 5 months.  Allen Sinai, chief economist for New York’s Decision Economics, Inc., says, “Everyone always expects fiscal stimulus to immediately help out, but it never does,” [but]…the bulk of the effects will come in 2010.” All the while, uncertainty remains as unemployment rates creep upward, benefits run out, property values dwindle, and foreclosures filings show no signs of waning.

Foreclosure may or may not become a reality for you.  But do you want to simply let it happen to you? You might qualify for a short sale, which can release you from your mortgage contract, even if your mortgage balance exceeds the value of your home.  

If you can document hardship beyond your control, and that you will continue to be unable to make your payments, your situation could possibly be resolved through the efforts of a short sale specialist group offering full short sale service.  A short sale specialist group should have extensive experience in executing short sales, and will never charge you any fees, but will only get paid from a percentage of the sale of your home, ONCE they complete the short sale.

This information is provided as a service by SellHomeOwner.com

About the Author

Charles Pruett is a freelance copywriter, essayist, multimedia expressionist and night photographer.

american foreclosure specialists
Stop Foreclosure Connecticut. DO NOT let the Bank Foreclose.