Ginger Hopp is a "Certified Foreclosure Specialist" and is offering her services to Distressed Homeowners to AVOID FORECLOSURE and SAVE THEIR CREDIT. Ginger is doing
her part in this declining real estate market and being a part of the solution at the same time.
Ginger wants to help the borrower before it goes to foreclosure...
before it ruins their credit. Most distressed home sellers don't know that foreclosure is worse than
a bankruptcy on their credit file. In her marketing, Ginger is educating the families actually
in pre-foreclosure, so they know what their options are.
Ginger is able to offer her expertise to
save their credit by avoiding foreclosure. If they are jobless and can no longer make their payments, Ginger
does not charge them any Realtor fees and can still SAVE THEIR CREIDIT by helping them AVOID FORECLOSURE. She negotiates
with their lenders to sell their house for less than they owe and the lender writes off the difference. Of course, the
new H.R. 3648 ruling means that the IRS will not tax them on their personal residence either for the amount that they are
forgiven by their lender. Prior to that 2007 Tax Relief Act, they had to pay Capitol Gains Tax on any loan amount forgiven
by a lender. It's a win-win for both parties, the lender and the borrower because they both avoid foreclosure, but it
is especially a big win for our Economy to have one less foreclosure.
If they still have a job, but they are having a documentable
Hardship, Ginger can negotiate with their current lender to MODIFY their loan so they can keep their home and
pay a lower payment until they are back on their feet. This is not a refinance; there are no Escrow Fees, No Title Costs,
and No Appraisal Fees. This is renegotiating their existing loan by lowering the interest rates, extending the number of years, and sometimes
even lowering the loan amount. Ginger gets a lot of satisfaction from doing LOAN MODIFICATION because it really
helps the client stay in their home and usually, they are so grateful, Ginger now has gained a customer for life in all
their future real estate services. So, the incentive for her to help and do her part for the Economy
has lots of rewards.
