Prevent foreclosure. Learn how to prevent foreclosure with a short sale.

1. Stop Foreclosure Now
Mortgage Applications Are on the Rise!
The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey -- a measure of mort-
gage loan application volume -- for the week ending May 1, 2009, and it showed an increase of 2.4 percent com-
pared with the previous week and 43.7 percent compared with the same week one year earlier. The Refinance Index
increased 1.2 percent to 5169.3 from 5108.2 the previous week and the seasonally adjusted Purchase Index in-
creased 5.0 percent to 264.3 from 251.6 one week earlier. The Conventional Purchase Index increased 5.5 percent
while the Government Purchase Index (largely FHA) increased 4.4 percent.
The four week moving average for the seasonally adjusted Market Index is down 6.0 percent, the four week moving
average is down 3.1 percent for the seasonally adjusted Purchase Index, and down 6.7 percent for the Refinance
Index. The refinance share of mortgage activity decreased to 74.4 percent of total applications from 75.3 percent
the previous week. The adjustable-rate mortgage (ARM) share of activity remained unchanged at 2.1 percent of
total applications from the previous week. Refinance still dominates the mortgage market, but new purchase appli-
cations are starting to pick up. Refinancing your loan is just one way to stop foreclosure on your home.
That’s not all the good news, two private reports released yesterday reported that the rate of job cuts are slowing.
Automatic Data Processing, a payroll-processing firm, said private-sector employment decreased by 491,000 in
April, a 31% improvement from the revised 708,000 drop in March, and Challenger, Gray & Christmas Inc. reported
that the number of layoffs announced in April shows an improvement of 12% from March's 150,411 cuts. It was the
lowest total since last October, according to Challenger, but the April figure was still 47% higher than job cuts an-
nounced in the same month a year ago. Hopefully, this slow down will help people feel more secure un their pur-
chasing.
For those that could still be in trouble, however, a short sale is a great way to prevent foreclosure. “Our short sale
service is a winner all around. You sell your home in a market that already has a 19-month inventory of unsold homes
and the bank gets cash back instead of another vacant property. If you want to avoid foreclosure, Sell Home Owner
can help. One of the biggest problems homeowners face is waiting too long to ask for help. Contact us today and let
us show you how you can start breathing again,” says the representative from Sell Home Owner.
If you are considering a short sale, and are looking for a short sale specialist firm, choose the right partner by using
the following guidelines:
• Look for a company that does not charge fees. The only short sale companies that charge fees to the seller
are scam artists who want to take your money and run. These companies ask for a fee, because they want a
“guarantee” that they will make a money off of your account, regardless of whether or not your home sells.
True short sale companies will not charge you a fee for your business, and instead work off of a commission
structure based on their sales. This means that they do not get paid unless they obtain a successful short
sale of your home.
• Make sure the company has licensed and bonded mortgage brokers on staff. If a company does not have
licensed professionals on their staff waiting to help you, then you are most likely involved with a scam.
Remember, if you want to get the best possible price for your home, you need to work with someone who has
proven experience and strong relationships with lenders.
• Check to confirm that lawyers, not simply sales professionals, review all contracts. Lawyers’ are the only
qualified party to review these complex contracts, and they can prevent you from making several critical
errors.
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2. • Lastly, look for a company that pays its employees with a percentage of your sale. This means that the
employees are going to work as hard as possible to get you the best price. How long have you been working
with short sales or foreclosure prevention? If the answer is a short time, this can indicate someone who has
recently joined this market in order to make a quick profit.
Remember, if you are stuck in a house you can’t afford, there are thousands of people just like you. Don’t let shame
or embarrassment keep you from taking steps to prevent foreclosure. Find a solid company to represent you and
move forward.
For additional information on short sales, or preventing foreclosure, visit http://www.SellHomeOwner.com.
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