Travis Jones of Rush Properties has been helping homeowners facing foreclosure for over 15 years. Travis Jones, Rush Properties has seen foreclosure rates fluctuate significantly and have helped many homeowners weather the roller-coaster of the last several years. As Travis Jones, Rush Properties founder suggests, foreclosure rates closely follow what is happening in the overall economy.
Travis Jones of Rush Properties Explains Current Rate of Foreclosures in U.S.
According to Travis Jones of Rush Properties, there has been a marked decrease in overall foreclosure rates in the U.S. this year. This is good news, explains Travis Jones. Rush Properties has worked with so many people who lost jobs during the financial collapse and their homes as a result.
As reported by Realty Trac, there were 45,000 homes in the U.S. foreclosed in February of 2013, which is 29% less than last February. While that is a big drop in the U.S. rate of foreclosure, notes Travis Jones, Rush Property owner, it is still double what Realty Trac considers “normal.” So, while the news is good, we all need to be cautiously optimistic, confirms Travis Jones. Rush Properties continue to provide homeowners facing financial hardship with alternatives to bank foreclosure.
Travis Jones of Rush Properties Discusses Causes of Current Drop in Foreclosures
While Travis Jones, Rush Properties, is not a financial expert, he has been in the business long enough to shed light on current foreclosure rates. First, companies are starting to hire again and people are getting back to work, offers Travis Jones. Rush Properties are no different; Companies have increased hiring to keep up with demand. With more money coming in, more homeowners can pay their mortgages, Travis Jones of Rush Properties continues. As the economy continues to roll forward, foreclosures will continue to drop.
With increased earnings, coupled with seriously low mortgage rates, people are starting to buy again and Travis Jones, Rush Properties, have found that this means buying in the foreclosure market, too. Because many people are staying in their homes longer and are not selling, explains Travis Jones of Rush Properties, the pool of available homes for sale has shrunk. Therefore, any home really, is moving much faster right now than in the past, encourages Travis Jones with Rush Properties.
In addition to increased job opportunities, there have also been some very good federal programs put into place to save homeowners from foreclosure, explains Travis Jones of Rush Properties. To name just a couple, there are options to lower monthly mortgage payments and homeowners who owe more than their homes are worth may be eligible to refinance through the Home Affordable Refinance Program (HARP). Travis Jones, Rush Properties founder, encourages homeowners still looking for help to visit makinghomeaffordable.gov to learn about federal programs.
About Travis Jones, Rush Properties, Owner
Travis Jones founded Rush Properties in Olathe, KS, to offer homeowners alternative compensation models for homeowners facing foreclosure. In addition, Travis Jones of Rush Properties went on to become co-founder of Cherry Park Properties, working with homeowners in both Kansas and Missouri. When he’s not working with homeowners, Travis Jones, Rush Properties owner, enjoys boating and landscaping.
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