Released on: December 11, 2007, 5:51 am

Press Release Author: Mary Geronimo

Industry: Real Estate

Press Release Summary: The State Government of Oregon Steps In Immediately To Assist
The Residents

Press Release Body: St. Augustine, FL--Governor Ted Kulongoski of Portland, Oregon
announced plans to help Oregonians facing mortgage foreclosure due to the recent
tightening in the sub prime lending market.

"We have been fortunate in Oregon that rising home prices have meant lower
foreclosure rates than in other states." "Foreclosure rates are rising and that's a
concern. We must make sure that no one loses their home because of an unfair loan
product or lack of information," says Kulongoski. The foreclosure rate allows for
multiple investment opportunities for finding bargains on pre-foreclosure homes.
Jeff Kaller, visionary, educator and real estate developer has pioneered the most
preeminent pre-foreclosure system in the United States. Kallar specializes in a
well kept industry niche; he teaches the real estate secrets of purchasing
pre-foreclosure properties while executing real estate theory to actual practice.
"The official NOD or LIS buying of property in pre-foreclosure involves approaching
the home owner and offering to buy the property with options the owner would not
normally be aware of." says Kallar. In this case the pre-foreclosure investor is
offering real aid to the borrower or home owner to walk away with something to show
for any equity in the property and avoid a bad mark on their credit history. After
a complete title search the appraisal of the condition of the property as an
investor can realize discounts of 20-40 percent below market value in any region
throughout the United States. The power of sale foreclosure must be carried out at
specified time, placed within the terms of sale mentioned in deed of trust. The
sale can take place after 30 days of the last published notice. Lenders take a
discount on the property because banks do not like excess inventory and bad loans on
their books. If there is an opportunity in which they can sell a property without a
huge lost, they will certainly do all they can do to do it as quickly as possible.
Lenders also know that they stand to lose a lot more money if the property goes to
general auction. This is why the pre-foreclosure process is so attractive. It can
take anywhere from 15 to 45 days or longer depending on the lender however there is
still no guarantee that a lender will agree to all of the terms. The opportunity
for pre-foreclosure counseling and choices are abundant. Being part of the network
of investors with the lending industry and other government agencies identifies
someone as a refinancing option for those facing foreclosure.

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Contact Information:
Paramount Promotions LLC (The Countries Leading Short Sale Trainer)

Mary Geronimo
303-B Anastasia Blvd. #148
St. Augustine, FL 32080
904-819-0676
Email Address: mgeronimo@thejeffkaller.com
http://www.FreeShortSaleCourse.com
This Press Release has been submitted by PREasy.com


Web Site: http://www.FreeShortSaleCourse.com

Contact Details: Mary Geronimo
303-B Anastasia Blvd. #148
St. Augustine, FL 32080
904-819-0676
Email:mgeronimo@thejeffkaller.comc