Released on: February 28, 2008, 10:30 pm

Press Release Author: Pam Lawhorne

Industry: Real Estate

Press Release Summary: American Home Savers (www.AmericanHomeSavers.info), a
division of The Lawhorne Group has announced a way for homeowner's to avoid
foreclosure.

Press Release Body: Charlotte,NC,February,28,2008 -- It has been all over the news
lately that bad mortgage practices for the past few years are now leading to
foreclosures at an alarming rate. When people get bad mortgages, or mortgages they
really cannot afford, it is inevitable that somewhere down the road they will have
difficulty in making their mortgage payments.

When a homeowner has a hardship that causes them to get behind in their mortgage
payments the lender is usually not willing to work out a suitable means for the
client to get caught up. It doesn't take long for the banks to get impatient and
begin calling their home every day demanding to know when they will start making
payments again. It's almost as if the bank thinks that threatening them will
magically improve their financial situation. And in most cases the bank will not
work with the home owner until they are forced to.

Typically what happens is the lender will demand all of the arrears plus all of the
late fees, and delinquent charges to stop the foreclosure. This situation leaves the
homeowner with few options if they are unable to come up with all of the funds.
Seldom can a homeowner find the extra cash to save the home in this fashion and they
don't realize that there are several options to foreclosure and some are better
known than others.

Selling The Home:

Selling the home is a possibility, but there is the chance that the home will not
sell in a timely fashion. If this is the case, a homeowner is often approached by
someone offering to purchase the property on a \"short sale\". This is typically done
by Real Estate Agents or Investors who often advertise their services as foreclosure
prevention services. Purchasing properties on short sale is becoming a very popular
way for investors to obtain prime properties at discounted prices. It usually robs
the owner of all of the equity they have in the home, leaving them with no money to
get into another home.

Filing Bankruptcy:

Filing Bankruptcy is an option that is sometimes advertised as foreclosure
prevention and while it's true that bankruptcy may stop the foreclosure sale, it is
ineffective as a real solution. In a Chapter 13 Bankruptcy, a lender could refuse to
accept the terms of the bankruptcy, which will not benefit the home owner. Also the
Bankruptcy payments could be higher than the original payments, which will not
benefit the home owner.

Loss Mitigation:

Loss Mitigation is a little known process of saving a home from foreclosure. When a
hardship has occurred and has been resolved, Loss Mitigation can be the most
effective means of avoiding or stopping foreclosure. Simply put, Loss Mitigation is
an intervention program wherein the lender is willing to work out an agreement that
will allow a homeowner to continue making payments, keep the home and not come up
with all of the past arrears.

But in order to stop the foreclosure process the homeowner must act right away.
When it comes to foreclosure prevention one of the best things to do is find a
foreclosure prevention specialist. This is someone who is specifically trained in
this area and who is going to be able to help you out in this situation, regardless
of your credit situation.

There are 47 different ways to mitigate a case to prevent foreclosure. American Home
Savers, through US Loss Mitigation, has been successfully saving homes for 19 years.
To learn more about Loss Mitigation, visit http://www.AmericanHomeSavers.info or
call 888-384-4309.
Pressrelease distribution by pressreleasepoint(http://www.pressreleasepoint.com)
Pressrelease distribution by
pressreleasepoint




Web Site: http://www.AmericaHomeSavers.info

Contact Details: Media Contact:

Pam Lawhorne
AmericaHomeSavers
Charlotte,NC
704.377.3295 x 102
info@AmericanHomeSavers.info
http://www.AmericaHomeSavers.info