Stop Foreclosure by turning your home into an Income Producing Property

Sales of existing homes in Ocala and Gainesville, Florida Communities continue to be sluggish, as homeowners find themselves in a real quandary. Many homeowners are finding out that they are "upside down on their mortgage" (owing more money than their home's market value, having negative equity).

Not helping the sale of homes is a recent estimation that there are over 1 million Foreclosures in the Florida Courts, clogging the system, and further clouding future recovery, leaving millions of homeowners worried and searching for solutions. With bank repossessions totalling more than 90,000 in May, 2010, (which represents a 40% increase compared to May, 2009), economists are saying it could take three years to work through the current backlog of foreclosures in Florida. And that doesn't include the swarm of foreclosures yet to hit market over the next three years!

Many homeowners have turned to professional Property Management companies as a crucial part of their plan to stop Foreclosures in the Ocala and Gainesville, Florida real estate markets. Rental property is steadily increasing in demand in all neighborhoods, providing distressed property owners with a great alternative solution to Foreclosure.

"Foreclosure is the 'death card' for homeowners", says Eric Halsey, local professional real estate Broker/Associate for CrossRoadsRealty and Property Management, in Gainesville, FL with 30 years' experience in the real estate industry. "With an estimated 3-year backlog of Foreclosures currently in the Florida Court System, homeowners essentially are vulnerable to Deficiency Judgements following them around for 7-8 years; up to 3 years to work through Courts, and then another 5 year statute of limitations for banks, because Florida Courts have noted that the five year period starts at the time of the foreclosure sale, not at the time homeowners defaulted on their loan. Fortunately, there are much better alternatives to Foreclosure for distressed properties and their owners", concludes Eric Halsey.

"We consider the Ocala and Gainesville, FL Communities excellent places to reside, and it is our company's mission to educate and help homeowners understand what options are available to them, to avoid Foreclosure at all costs", states Eric Halsey, in closing. "Property Management and sale or lease of distressed properties is our expertise, and our company is on a mission to get the word out to as many homeowners as possible....we would love to share with you our enthusiasm for some sound, credit-saving, alternatives to STOP Foreclosures if you own a distressed property in the Ocala or Gainesville, FL area".