Emerald Coast Update: More North Florida Homeowners Facing Foreclosure

Pensacola, FL (PRWEB) May 29, 2007 -- The sharp increase in homeownership costs in Florida over the last few years has placed many homeowners who were already struggling each month to pay their mortgage in the untenable position of possibly losing their home. Residential Solutions Plus LLC (RSP) of Pensacola, Florida, has opened its doors to assist local homeowners who are facing foreclosure of their home and the disruptive changes that go along with the process. The firm is not a real estate company, but instead are private real estate investors.

The foreclosure situation in Escambia and Santa Rosa counties has gotten much worse in the past year. Homeowners are feeling the crunch from every direction as the number of home foreclosures continues to grow. According to Cheri L. High, Director of Judicial Services at the Clerk of the Circuit Court and Comptroller, as of May 25th, there were 529 home foreclosures filed in Escambia County so far in 2007, as compared to 305 foreclosures through the same date last year. This Pensacola area statistic represents over a 73% increase in home foreclosures over the same period last year.

Johnny Johnson, one of the real estate investment professionals at RSP, remarks: "The effects of foreclosures can be devastating. In addition to losing the family's major financial asset, a foreclosure can stain a family's future credit rating making the road to recovery that much more difficult. And, when parents are forced to move the family, their children often finding themselves in another school district, separated from friends. In addition to the personal ramifications that foreclosure brings, the increase in foreclosures also negatively affects the region itself, tending to decrease the property value of many residential homes in the area. This is a serious situation which may get worse before it gets better."

Many times, foreclosure can be avoided. The difficult financial situation may be due to high-stress life changes that may not be under a homeowner's control. The owners may be involved in a divorce, may be selling an estate, may be paying for two mortgages for whatever reason, or may be forced to relocate because of a family emergency or job change. In addition, many owners who refinanced their mortgages a few years ago may find that refinancing is not an option now because of an upside-down equity situation.

Regardless, those facing foreclosure often do not know how the foreclosure process works, or what options are available to them to avoid foreclosure. RSP helps to bridge this gap, providing people with the information they need to make the most-informed decision possible given each family's unique situation. RSP's real estate investment professionals explain different ways the owner can resolve their situation, and, in some cases, RSP may make a client a fair offer on their house quickly and at a fair cash price.

Residential Solutions Plus, LLC helps people from all walks of life stop foreclosure, get rid of unwanted phone calls, and relieve the unbearable stress of not being able to pay their mortgage.

The company services all of Escambia and Santa Rosa County, including the towns of Pensacola, Bellview, Brent, Brownsville, Century, Cantonment, Ensley, Ferry Pass, Gonzalez, Molino, Myrtle Grove, Perdido Key, Warrington, West Pensacola, Milton, Avalon Beach, Bagdad, Gulf Breeze, Jay, Munson, Navarre, and Pace. The firm does not charge a consultation fee. And very importantly, confidentiality is always maintained.

Individuals interested in learning more, may call RSP directly at (850) 292-0618, or may visit the company's website at http://www.foreclosuresinpensacola.com

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