Last Friday, West Palm residents came out in droves for the opportunity to meet with loan counselors to negotiate mortgage rates. The event lasted one day at the Palm Beach County Convention Center and was hosted by Hope Now and Ocwen Financial Corporation. The event aimed to offer homeowners options and alternatives to foreclosure, and also to offer refinance rates to eligible homeowners.
The event served as a helpful and informative session for homeowners who have had trouble communicating with their banks. With rotating employees, lost paperwork, and unreliable representatives, many homeowners gladly embraced the opportunity to speak with knowledgeable advisers on how to handle their financial situations.
Foreclosures are still a significant part of the real estate market, and prices to resell homes in foreclosure are also still dropping in comparison with 2010. Combined with slow job opportunities and delinquent homeowners, foreclosures seem to be pretty consistent for the time being.
If you’ve recently purchased a home in foreclosure and need assistance moving in, contact your friendly West Palm movers for the best service and competitive rates.