With More Than One in Seven Mortgages Not Being Paid, Local Agent Offers Free Resources to Struggling Homeowners 

In response to community needs, new website educates struggling homeowners on options to foreclosure. 

Eureka, CA –July 22, 2010 – Local real estate agent and Certified Distressed Property Expert®, Dean Kessler of The Kessler Real Estate Team, responded to new mortgage delinquency numbers by creating a new information website for Humboldt County-area homeowners facing financial hardships. Www.eurekaforeclosurehelp.com contains vital facts about the options available to financially distressed homeowners. 

“With more than 14 percent of mortgages in default status, there are a significant number of homeowners facing foreclosure,” Kessler said. “When faced with the possibility of foreclosure, I’ve seen too many homeowners make poor choices, even walking away from their homes without calling their lender or a real estate agent. By offering free information on more beneficial options, I know I can help our community’s homeowners.”

The Mortgage Bankers Association’s First-Quarter 2010 National Delinquency Survey announced that more than 14 percent of mortgage loans are not current on payments. More specifically, 10 percent of prime loans and more than 40 percent of subprime loans are delinquent. 

“Whatever their best option is, the most important thing distressed homeowners can do is educate themselves before making a decision,” Kessler said. 

www.eurekaforeclosurehelp.com acts as a central location for information on the issues and options for struggling homeowners, putting all the necessary information in one, easy-to-use location. The information and materials located on the site are regularly updated to reflect market changes, trends, new lender requirements and industry updates.