Foreclosure surge

 foreclosure freeze brought on by documentation deficiencies has started to thaw. What this means for homeowners who are delinquent on their mortgage payments: millions of foreclosures are looming. RealtyTrac estimates that more than 3.5 million homes that belong in foreclosure have been hanging in limbo.  The other significant news that has barely been reported is that while banks’ hands have been tied in moving forward with foreclosures for the past 10 months or so, they were shoring up their short sale infrastructures—creating huge cash incentives for financially strapped homeowners, focusing on efficient approvals, and developing systems for reaching out to CDPE agents to help borrowers navigate a short sale. Cynthia Schmier and her team are all (CDPE) Short sale certified ready to assist and guide you in the right direction.