As more home owners have fallen behind on their mortgages, many local markets have been flooded with distressed sale properties—short sales or actual foreclosures—demanding that REALTORS® develop new skills to respond on behalf of their clients and their communities.
Foreclosure activity on homes valued at $5 million or more has soared 61 percent since October 2012, RealtyTrac reports.
Resources For Homeowners, Buyers and Sellers
HouseLogic.com: Foreclosure Counsellors: What They Can and Can't Do
HouseLogic.com: Foreclosure Process: How State Laws Vary
Resources and Programs For Realtor® Associations
Neighborhood Stabilization Project