There has been a lot of news recently about the current state of the real estate market, and especially about the record foreclosure numbers throughout the country. Every few hours, a new story will appear on Google News or Yahoo! News with new statistics, predictions, and warning messages to homeowners about foreclosure scams. While the news is often interesting, dense, or just plain sad, endless news articles do not really help homeowners save their homes from foreclosure. When facing a financial crisis, foreclosure victims need much more than simple stories or warnings. They need advice and reasonable solutions to fix their problems.
The news stories that are being presented online, though, seem to be neutral and numbers-oriented, at best, and optimistic about the high foreclosure rates, at worst. For example, in a search on Google News today, there are three stories analyzing foreclosure rates, two articles on predictions of rising rates, two offering advice to homeowners, and three offering to teach investors how to profit from foreclosures. Yahoo! News fares worse, with seven articles focusing on analysis, and two stories of communities or homeowners facing foreclosure. This leaves only one story on Yahoo! News that focuses on helping homeowners stop foreclosure on their homes.
One of the articles with the most crooked slant, from a foreclosure victim's perspective, shows that many real estate professionals are intent on making money from the homeowners' situations. Foreclosure: One Person's Pain is Another's Good Fortune states that "Home Center Chief Executive Ron Barnard says that personally, he finds foreclosure sad, even tragic. 'But as a business owner, I think it's great.'" Although there is no reason to suspect Home Center or Ron Barnard or Dave Hennigan (the other Home Center Realty associate mentioned) of any unscrupulous business activities, homeowners should be aware that there are many more "investors," "buyers," and "real estate professionals" out there that use some of the same tactics but who are out to take advantage of the homeowners. Foreclosure scams are nowhere mentioned in the article, though, unfortunately.
The top story on both Google News and Yahoo! News is that Realtytrac, the company that "publishes the largest and most comprehensive national database of pre-foreclosure and foreclosure properties," will be starting to offer foreclosure auctions from Williams & Williams on their website. While this is great news for some people, forelosure victims who are facing the loss of their homes right now have little to look forward to. Their former homes will just appear on one more website by the time the foreclosure process has reached its end.
Obviously, online news sites are not the place to go for homeowners who want to keep their homes and recover from foreclosure. So where can homeowners go for valuable information that they need to save their homes? The first option, of course, should be for homeowners to research as much as they can about the foreclosure process in their state and in general. There are any number of helpful websites, books, and helpful resources available to educate foreclosure victims. (We even offer a free foreclosure e-book to everyone who signs up to receive one on our site, and with several thousand downloads already, it has helped numerous homeowners understand the foreclosure process better.) But the news about foreclosures will probably continue to look worse throughout the year, and homeowners, who are in the middle of the action, will only be able to find an outsider's perspective on the nationwide crisis when they turn to the news media for help.
About ForeclosureFish.com
The ForeclosureFish.com website has been created to give homeowners the options they need to save their homes from foreclosure. Explanations are provided for all of the most common tools foreclosure victims may have available to stop foreclosure, including foreclosure refinance loans, forbearance agreements, deed in lieu of foreclosure, and many others.
The site also assists foreclosure specialists in gaining access to increasing their foreclosure leads by several hundred per month. Quality and accuracy of information are the hallmarks of these leads, with numerous contact numbers and email addresses.
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