Online report outlines viable alternatives to foreclosure—and provides solutions for homeowners struggling to make mortgage payments in the Twin Cities & Surrounding Suburbs.

Andover, MN - May 10, 2011– Local CDPE-designated agent, Jeff Firnstahl of Team Firnstahl Real Estate Servcies, has released a new report confronting the trapped feelings struggling homeowners encounter when facing an unaffordable mortgage. The report titled “Feeling Trapped by Your Mortgage?” provides information on the options many homeowners have to avoid foreclosure, including short sales.

A short sale occurs when a lender allows a homeowner to sell a property for less than the current mortgage amount owed.

“Studies by local REALTOR associations show many homeowners don’t know about their alternatives to foreclosure,” Firnstahl said.  “With this report, I aim to educate distressed homeowners in my community about the consequences of foreclosure, and what they can do to avoid this financial challenge.”

A recently conducted study of distressed homeowners who were foreclosed upon found that only 5 percent knew of their options and only 3 percent took advantage of them. As the mortgage crisis continues to claim more and more Americans, Firnstahl sees the need to educate homeowners on the financial and emotional damages of foreclosure.

This community resource is available at www.TeamFirnstahlHelps.com. In addition to providing more information on the alternatives to foreclosure, the report explains the potential fallout of “strategically defaulting,” or choosing not to make payments, which is a growing trend in the mortgage crisis.

“There’s certainly nothing strategic about ‘strategic default’.” Firnstahl said. “When you can avoid foreclosure, there’s no reason to risk the financial backlash by willingly going into it.”

The CDPE Designation Firnstahl has acquired provides a specific understanding of the complex issues confronting distressed homeowners.  Through comprehensive training and experience, CDPE-designated agents are able to provide solutions for homeowners facing financial hardship in today’s market.

To learn more, visit www.TeamFirnstahlHelps.com.  

Federal Trade Commission Disclosures

  1. You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender (or servicer). If you reject the offer, you will not have to pay us for our services.
  2. The above brokerage is not associated with the government, and our service is not approved by the government or your lender.
  3. Even if you accept this offer and use our service, your lender may not agree to change your loan.