Foreclosures Are On The Rise In Oregon

(EMAILWIRE.COM, December 11, 2007 ) St. Augustine, FL--Governor Ted Kulongoski of Portland, Oregon announced plans to help Oregonians facing mortgage foreclosure due to the recent tightening in the sub prime lending market.

“We have been fortunate in Oregon that rising home prices have meant lower foreclosure rates than in other states.” ”Foreclosure rates are rising and that’s a concern. We must make sure that no one loses their home because of an unfair loan product or lack of information,” says Kulongoski. The foreclosure rate allows for multiple investment opportunities for finding bargains on pre-foreclosure homes. Jeff Kaller, visionary, educator and real estate developer has pioneered the most preeminent pre-foreclosure system in the United States. Kallar 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. “The official NOD or LIS buying of property in pre-foreclosure involves approaching the home owner and offering to buy the property with options the owner would not normally be aware of.” says Kallar. In this case the pre-foreclosure investor is offering real aid to the borrower or home owner to walk away with something to show for any equity in the property and avoid a bad mark on their credit history. After a complete title search the appraisal of the condition of the property as an investor can realize discounts of 20-40 percent below market value in any region throughout the United States. The power of sale foreclosure must be carried out at specified time, placed within the terms of sale mentioned in deed of trust. The sale can take place after 30 days of the last published notice. Lenders take a discount on the property because banks do not like excess inventory and bad loans on their books. If there is an opportunity in which they can sell a property without a huge lost, they will certainly do all they can do to do it as quickly as possible. Lenders also know that they stand to lose a lot more money if the property goes to general auction. This is why the pre-foreclosure process is so attractive. It can take anywhere from 15 to 45 days or longer depending on the lender however there is still no guarantee that a lender will agree to all of the terms. The opportunity for pre-foreclosure counseling and choices are abundant. Being part of the network of investors with the lending industry and other government agencies identifies someone as a refinancing option for those facing foreclosure.

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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

Paramount Promotions LLC
Mary Geronimo
904-819-0676
mgeronimo@thejeffkaller.com