Portland, OR (PressExposure) May 10, 2008 -- We are proud to announce the official roll-out of NW Foreclosure Advisors, LLC (NWFA) in May of 2008. NWFA is a full service foreclosure advisory firm dedicated to assisting distressed homeowners, real estate agents and other financial industry professionals identify and implement the best available option to prevent a homeownersâ .
With recent changes in the real estate market, many homeowners have found themselves in a tough financial situation and are facing Foreclosure. The nothing-down 80/20 mortgages that were used to purchase homes over the last few years may have made sense at the time, but now those homes may be worth less than what is owed due to declines in market values. Unfortunately, some homeowners canât wait for the problem to resolve itself; they need to sell now, either because of financial hardship, job loss or divorce, or because they need to relocate for a new job.
One option for a home seller is a Short Sale. A Short Sale occurs when the net proceeds from the sale of a home are not enough to cover the sellerâs mortgage obligations and closing costs, and the seller is unable to cover the difference. A short sale is one way to relieve the financial strain on families due to changes in the housing market.
To assist the homeowner facing foreclosure, NWFA has assembled a high powered Advisory Board to guide the Homeowners and Realtors through the somewhat confusing waters of Short Sales. Short Sales involve a tremendous amount of complexity in a restricted timeframe. One mistake and it could cost the customer their home. As frightening as that is, many individuals try to perform short sales on their own without the training or expertise necessary with sometimes disastrous results, when there is no need to do so. Managing Director Ty Decoto states, we created this Company to allow real estate agents and homeowners access to the latest developments and strategies pertaining to the Foreclosure process. Our Companyâs Advisory Board consists of the industries foremost leading experts, who are all working together to provide the best advice for the clients, without the conflict of interest inherent in most of our competition. We are very excited about the future of our Company.
NW Foreclosure Advisors, LLC is headquartered in Portland, OR, with offices in Brooklyn, NY, Pompano Beach, FL, Henderson, NV and Orange County, CA.