Andover, MN – November 4, 2010 – Local real estate agent, Jeff Firnstahl of Team Firnstahl Real Estate, is a Certified Distressed Property Expert, and is now offering free educational information for homeowners who are delinquent on their mortgages.

Accessible through www.teamfirnstahlhelps.com, these educational materials clearly explain what a homeowner’s options are when faced with an unaffordable mortgage, as well as the benefits of each option.

One option highlighted in the website is the Home Affordable Foreclosure Alternatives Program, or HAFA, which offers eligible homeowners $3,000 to pursue a short sale or deed-in-lieu, two alternatives to foreclosure.

“We often find that homeowners in a difficult financial situation will hesitate to directly contact a professional for help,” Firnstahl said. “My website offers a way to learn about what options are available so anyone can empower themselves with the necessary knowledge and then contact me to help pursue their best options.”

The latest numbers on mortgage delinquency show that approximately one in every five mortgages is in some stage of delinquency. While they might not be immediately foreclosed upon, these homeowners become more at risk of foreclosure the longer they wait to do something about their missed mortgage payments.

“Many of these distressed homeowners bought their homes in a financially responsible manner,” Firnstahl said. “Unfortunately, these people have had their finances turned upside-down over the past few years. Now, they must make their mortgage payments with constricting incomes.”

The CDPE designation Firnstahl has acquired provides real estate professionals with specific understanding of the complex issue confronting the real estate industry. Through comprehensive training and experience, CDPEs are able to provide solutions for homeowners facing financial hardship in today’s market.

If you’d like more information about this topic, or to schedule an appointment with Jeff Firnstahl, please contact Brenda Adkins at 763-587-7200 or email to clientcare@teamfirnstahl.com.

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