Foreclosure activity in the United States during the first quarter of 2022 reached an all-time high as a result of the pandemic. A lot of breadwinners and new homeowners have lost their jobs since 2020 and are only starting to recover this year. As can be expected, there are still numerous families who are opting to live conservatively after experiencing losses over the past two years. In reality, however, no one wants to lose a house if they can help it. This is where realtor and licensed loan officer Nader Abedrabo comes in very handy as he commits to helping his clients prevent foreclosure and get a free loan modification.
Nader Abedrabo is the founder of Nader Life Saver, a personal lead generation website, and he works for a non profit faith-based organization that specializes in home retention. Apart from this, the company he works for also extends help when it comes to business, residential, and commercial loans or realty. Ultimately, however, Nader is especially drawn to helping clients who are about to lose their homes.
Additionally, Nader and his team also offer a wide array of other services, including lender fraud and violation analysis, credit repair, zero down payment eligibility review, and refinance review. Throughout his illustrious career, Nader has witnessed first-hand the sad plight of many homeowners when they are faced with foreclosure as well as being foreclosed on when he was in junior high school. He also understands that the pandemic has hurt the finances of a lot of families. It is not only happening in one state. It is happening all over the country.
According to ATTOM, licensor of the country’s most reliable foreclosure data, a total of 78,271 properties around the nation went through foreclosure filing in the first three months of the year. The same US Foreclosure Market Report revealed that the number of properties up for foreclosure is 39% higher compared to the previous quarter. It also means a 132% increase from last year’s data. Furthermore, the report also disclosed a total of 33,333 US properties with foreclosure filings in March 2022 alone, a 29% increase from the previous month. It also means a 181% increase from a year before.
“Foreclosure activity has continued to gradually return to normal levels since the expiration of the government’s moratorium, and the CFPB’s enhanced mortgage servicing guidelines,” revealed Rick Sharga, executive vice president of market intelligence for ATTOM. “But even with the large year-over-year increase in foreclosure starts and bank repossessions, foreclosure activity is still only running at about 57% of where it was in Q1 2020, the last quarter before the government enacted consumer protection programs due to the pandemic,” he added.
As a volunteer advocate for a 5013C licensed company, Nader Life Saver is allowed to submit a loan modification. If the lender does not respond in 30 days, it becomes a violation, and clients can proceed with litigation with the help of the lawyers within the organization and that’s the difference between other loan modification companies.
“There are also other options like a temporary restraining order, bridge loan, hard money, lis pendens or lien against the property so the bank can’t sell unless removed or do an emergency BK on your own or with us at a service. We do charge for BK, living trust, and credit repair. We will still try everything to keep you in the home,” Nader shared. “There’s also reverse purchase, reverse mortgage, reverse trustee sale, gift of equity, and also refinancing, if possible. Using these tactics allows us to delay the sale date. With aggressive sales tactics and the surplus, the department will make sure you get the most money possible if you’re unable to work a modification or one of our other options.”
As Nader Abedrabo sets out on a mission to save people from foreclosure, he can be expected to make a lasting impact on the lives of his clients that will surely change their future for the better. 100% of services are not out of pocket besides the mentioned living trust bk and credit repair.
You can contact Nader Abedrabo at 7144109622.
