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BOCA RATON, FLORIDA (PRWEB) October 04, 2021 September 28, 2021 BK Global has teamed up with Real Estate Business Services (REBS), a subsidiary of the ....
BK Global just launched a new program giving agents access to over 800,000 homeowners that are hot listing leads. Right now, they are recruiting real estate agents to work with them as affiliates and become part of their real estate network to receive listing leads and receive listing assignments from their clients. So where did they get this massive pool of inventory? BK Global’s program assists homeowners in bankruptcy and works with mortgage servicers to settle their debt. Their program helps homeowners structure a sale with their mortgage servicer to avoid foreclosure and get a “fresh-start.” For real estate agents, knowing how to assist homeowners in this situation creates goodwill for the agent and, in most cases, lifelong clients. ....
Understanding each homeowners’ best options is key to being a real estate professional who advises homeowners in need of selling their home, especially when they are upside down or in default of their mortgage. For many homeowners, bankruptcy may be a much smarter choice than facing foreclosure. But they may not have all the information they need to make the right decision. That’s where the agent comes in. The purpose of bankruptcy is to offer financial relief to individuals when burdened with debt and looking for a “fresh start.” In bankruptcy, homeowners have the option to retain or surrender their home. If they chose to retain, the homeowner must bring their home current or qualify for a modification. The harsh reality is that the vast majority of homeowners who are delinquent in bankruptcy end up in foreclosure. For homeowners that chose to surrender their home, the bankruptcy trustee becomes the legal seller and has the right to sell the home and settle th ....
Everyone is trying to predict what will happen to the real estate market in 2021. There is no question that financial pressures are felt by homeowners as well as real estate investors and mortgage lenders. When looking back at the 2007 market crash, most distressed properties had significant negative equity. But today that is not the case. In 2007 when the market turned, the only option for homeowners was foreclosure or short sale. In today’s market, real estate still remains strong. Property values have gone up and seem to keep rising and there are many fewer properties with negative equity. However, you have many people who are unemployed and have fallen behind in their other debts: consumer debt, car loans, school loans, etc. They have been living off credit cards and/or burned through their savings. Their home is probably the least of their concerns if they received a forbearance. So their home may be “current” but they haven’t received forgiveness on their oth ....