New Foreclosure Avoidance Resource

Online, June 10, 2010 (Newswire.com) - Local Agent Provides Free Government Program Eligibility Surveys in Response to High Percentage of Mortgage Defaults

With more than one in seven mortgages not being paid, Terry Lesperance provides new foreclosure avoidance resource.

Brookfield, WI - June 10 - Local CDPE-designated agent and community advocate, Terry Lesperance of RE/MAX REALTY 100 has announced the expansion of an online resource for Milwaukee-area homeowners facing financial hardship - www.foreclosureaidllc.com

According to the Mortgage Bankers Association's quarterly report on mortgage defaults, 14 percent of mortgage loans are not current on payments. This means that a substantial number of homeowners are at risk of foreclosure.

"Many of these homeowners took on their loans when jobs were more secure and plentiful," Lesperance said. "Now, with unemployment reported at 9.9 percent, we're seeing that more and more responsible homeowners are finding themselves with unaffordable mortgages."

Lesperance's website now contains eligibility surveys for government programs that offer help to distressed homeowners. One of those is the Home Affordable Foreclosure Alternatives Program, or HAFA, which streamlines the process and provides incentives for short sales or deeds-in-lieu of foreclosure.

These eligibility surveys let homeowners quickly find out if they can receive help from any of the government programs. The website also acts as a hub for information on the facts and issues for struggling homeowners, putting all the necessary information in one, easy-to-use location.

"Seven out of 10 homes that have gone into foreclosure did so without even being listed on the market," said Alex Charfen, co-founder and CEO of the Distressed Property Institute. "Agents like Terry Lesperance with the CDPE designation are helping distressed homeowners understand that there may be options available to avoid foreclosure."

The CDPE designation provides real estate professionals with specific understanding of the complex issues 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.

For more information about the CDPE Designation, visit the website at www.foreclosureaidllc.com