Foreclosures are expected to continue to rise even as pending home sales rise, says National Association of REALTORS® chief economist Lawrence Yun in his September 1 video. To help you stay on top of this issue, the IAR Advocacy Program recently developed “The REALTORS® Guide to Foreclosure Resources” a brochure available through the REALTOR® Store free of charge to IAR members (just shipping charges apply). It is full of information on various resources such as:
- Links to sites that discuss the stages of foreclosure
- Legal Q&A on short sales
- Managing foreclosure buyer expectations
- Recent Illinois laws on foreclosure
- Information about the federal “Making Home Affordable” program
Also available at no charge is a postcard mailer companion piece entitled, “Help for Illinois Homeowners. Did you know…” The information lists helpful foreclosure resources and could be used as a marketing piece. The IAR Advocacy Program provides many other free materials to IAR members which explain programs, regulations and help communicate key issues.
Not a REALTOR®? Ask one for help and visit www.YourIllinoisHome.com, click on Foreclosures, to find options for Illinois homeowners at-risk of foreclosure.