(MENAFN-PRLog) — Ifeoma Edeh of Devine Elevation is proud to launch this new real estate solutions company to help families avoid foreclosures during National Black Business Month. Edeh helps real estate professionals with foreclosure avoidance methods to coincide with National Black Business Month, celebrated in August.
“New steps being announced by the Department of Housing and Urban Development (HUD), the Department of Agriculture (USDA) and the Veterans Administration (VA) will give homeowners an approximately 25% reduction in monthly principal and interest for borrowers. (P&I) payments help homeowners with HUD, USDA, and VA-backed mortgages afford to stay in their homes and build their wealth over the long term. options will come closer to those of homeowners with mortgages backed by Fannie Mae and Freddie Mac.~whitehouse.gov
Real estate professionals assess skills, clients, and unique qualities to help neighbors find homes. One of the most important aspects of a realtor’s competence is helping clients avoid and prevent foreclosures. A foreclosure occurs when a homeowner defaults on their mortgage payments and the bank begins the process of evicting the homeowner and gaining control of the property.
Methods on how a real estate agent can help you avoid foreclosure.
Talk to your lender about how to avoid foreclosure. Lenders can help postpone the foreclosure process and give clients the opportunity to sell their homes and pay their debts.
Check your state laws. Each state has different foreclosure rules. Make sure you understand how the law works.
Understand the pre-foreclosure and short selling processes. Find out the differences between the two and how they can help your clients.
Support customers with quick response. Keep everything up to date and make sure you fully understand each process.
If you live in Illinois, Devine Elevation can help you find the most favorable solution to prevent foreclosure or to source your next investment property. Contact us by clicking the link in this paragraph.
About Us: Devine Elevation LLC is a relationship driven innovative real estate solutions company founded by Ifeoma Edeh. Our mission is to provide quality services and solutions for the various housing needs of our community. Devine Elevation LLC can help with property management, selling homes due to unexpected moves, and providing reasonable cash to families who are behind on their mortgage payments. Contact Devine Elevation today for a free consultation on preventing foreclosure.
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