For more information, please contact:

Terry Moerler

805-267-5802

Terry@TheMoerlerTeam.com

With More Than One in Seven Mortgages Not Being Paid, Local Agent Offers Free Resources to Struggling Homeowners

 In response to community needs, new website educates struggling homeowners on options to foreclosure.

 Thousand Oaks, California, May 26, 2010– Local real estate agent and Certified Distressed Property Expert®, Terry Moerler of Keller Williams Realty, responded to new mortgage delinquency numbers by creating a new information website for Conejo Valley area homeowners facing financial hardships. Ventura County Short Sale Help contains vital facts about the options available to distressed homeowners.

 

 “With more than 14 percent of mortgages in default status, there is a significant number of homeowners who are facing foreclosure,” Terry Moerler said. “When faced with the possibility of foreclosure, I’ve seen too many homeowners make poor choices, even walking away from their homes without calling their lender or a real estate agent. By offering free information on more beneficial options, I know I can help our community’s homeowners.”

 

The Mortgage Bankers Association’s First-Quarter 2010 National Delinquency Survey announced that more than 14 percent of mortgage loans are not current on payments. More specifically, 10 percent of prime loans and more than 40 percent of subprime loans are delinquent.

 

“Whatever their best option is, the most important thing homeowners can do is educate themselves before making a decision,” Terry Moerler said.

 

Ventura County Short Sale Help acts as a central location for information on the issues and options for struggling homeowners, putting all the necessary information in one, easy-to-use location. The information and materials located on the site are regularly updated to reflect market changes, trends, new lender requirements and industry updates.

 

Alex Charfen, co-founder and CEO of the Distressed Property Institute, said that more than seven out of 10 homeowners in foreclosure proceed without any visible assistance.

 

“Agents with the Certified Distressed Property Expert® designation are helping distressed homeowners understand that there may be options available to them,” he said. “ Terry Moerler has been trained to help homeowners avoid foreclosure, and this online education resource is a valuable public service.”

 

The CDPE designation provides real estate professionals with specific understanding of the complex issues confronting the real estate industry. Through comprehensive training and experience, CDPEs are able to provide solutions for homeowners facing hardships in today’s market.

 

For more information about the CDPE Designation, visit www.cdpe.com.

 

To contact Terry Moerler direct, call 805-267-5802.