Housing Market Perceptions

Hello:

You are invited to participate in our survey on perceptions on avoiding foreclosure and the housing market. It will take approximately 2 minutes to complete the questionnaire consisting of 5 questions.

In the last year, foreclosures on residential property have skyrocketed. Nearly half of those residents who were in foreclosure last year hadn't heard of the government's Home Affordable Modification Program (HAMP), and only 3 percent said they'd been helped by it, according to a recent survey by an Association of Realtors (NAR).

The vast majority of distressed homeowners surveyed -- 86 percent -- said they had attempted to contact their lender during or before the foreclosure process. Only 40 percent contacted a Realtor for advice.

Among those who had contacted a lender, 58 percent said the lender was "not willing at all" to work with them on foreclosure alternatives and only 12 percent said the lender was "somewhat" or "very" willing.

Studies report that 30% of U.S. homeowners say they are, or know someone who is, a distresses homeowner. In my experience that number is much higher. As a Realtor, I am concerned that people are not getting the information needed to make informed decisions about what to do, or who can help, when facing mortgage troubles.

This is a short survey to help us better understand what perceptions are out there and how we can better serve those homeowners.

Thank you very much for your time and support. Please start with the survey now by clicking on the Continue button below.