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Over two thirds of homeowners do not realize that their lender has workout options available to them to avoid foreclosure |
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Most homeowners never contact their lender during the foreclosure process |
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28 % of homeowners with ARMs cannot identify the interest rate index to which their rate adjustments are tagged |
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35 % of homeowners don't know how much their interest rate could increase at one time |
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41 % of homeowners don't know their mortgage interest rates potential maximum. |
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80% of "Option ARM" borrowers select minimum payment option. This creates a negative amortization of their loan.
(their loan balance grows each month) |
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Most Homeowners facing foreclosure don't realize that a lender may accept a short sale. |
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Homeowners in Foreclosure do not realize that Harvest Properties can help them before it is TOO LATE!
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