New Report for Struggling Homeowners Seeking to Work With Lenders to Find Solutions

Bellingham, WA (PressExposure) July 05, 2011 -- Local CDPE-designated agent, Chris Farkas of Keller Williams Realty has developed a website providing information describing several opportunities for homeowners to avoid the negative financial impact of foreclosure.

This community resource is available at [] and defines foreclosure alternatives, including short sales, loan modifications and deeds-in-lieu of foreclosure.

"The New Year is when most Americans set goals to increase their financial stability, but for many in Bellingham, WA financial stability seems unattainable," Farkas said. "With this report, I'm showing homeowners that they have options and that lenders are now more than ever willing to work with them."

According to Fitch Ratings, lenders are projected to lose 45-85% of the initial loan amount in foreclosure sales in 2011. In a short sale [] transaction, homeowners avoid foreclosure by working with their lenders and selling their property for less than the mortgage amount owed. Although lenders accept less, the financial loss is far less severe than a foreclosure.

"In the New Year, we all want to look forward to a prosperous future and it's frustrating when stability seems out of reach," Farkas said. "What struggling homeowners need to understand is that there are alternatives to foreclosure. All they need to do is ask for help."

The CDPE [] Designation Farkas has 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 []

IMPORTANT GOVERNMENT DISCLOSURE: 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. The above brokerage is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.


Chris Farkas



About Chris Farkas

The current U.S. housing market and national financial crisis has caused untold stress and heartache for many American families. Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to Bellingham-area residents for foreclosure are many.

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Press Release Submitted On: July 05, 2011 at 2:39 am
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