Prudential California Realty is hosting a free webinar to educate local homeowners about foreclosure alternatives, on April 26 at 6:30 p.m. The webinar will feature in-depth analyses about a variety of strategies for avoiding foreclosure, from workout plans and loan modifications to short sales, a transaction in which the difference between the remaining loan amount and the sale price is forgiven by the lender.
“Being upside down on a mortgage or receiving a notice of default isn’t the end of the world,” said Cory Shepard, Prudential’s vice president. “But the choices that people have to make during such a critical period in their lives can have lasting effects on their future. Our goal with this webinar is to help people find the best possible course of action based on their individual set of circumstances.”
The webinar will provide homeowners with a chance to ask questions from a panel of industry experts, including real estate attorneys and short sale specialists — all from the comfort, convenience and privacy of their own home. Strategies for benefiting from the federal government’s Home Affordable Foreclosure Alternatives (HAFA) program will be covered, in addition to the advantages and potential disadvantages of short sales.
“In many cases a short sale is the best option for a homeowner facing foreclosure,” adds Shepard, “However, people need to understand that short sales can be a lengthy and complex transaction, and there can even be tax implications. The importance of hiring a qualified real estate professional to handle a short sale really can’t be understated.”
Prudential’s free webinar about foreclosure alternatives is being offered at absolutely no obligation. To sign up, please register at www.prudentialcal.com, or visit one of Prudential California Realty’s 24 conveniently located offices in San Diego County for more information.