Real Estate Radio USA to reinstate mortgages for listeners in foreclosure
FORT LAUDERDALE, Fla., Dec. 18 /PRNewswire/ — Real Estate Radio USA (http://www.realestateradiousa.com), a leading Internet talk radio show, is taking the initiative to help stop the foreclosure crisis by offering to reinstate the mortgages of those in homeowners in foreclosure.
Each month beginning January 28, 2008, Real Estate Radio will be giving one lucky listener the opportunity to stay in their home and stop their foreclosure proceedings. The promotion is open to homeowners anywhere in the USA.
Homeowners in foreclosure can register to win by logging onto Reinstate My Mortgage! (http://www.reinstatemymortgage.com), the promotional website set up by Real Estate Radio USA. In order to participate, the homeowner must be in foreclosure, and have an auction date or sale date looming. At random each month, a listener who has registered will have their mortgage reinstated and be able to stay in their home.
A mortgage reinstatement, with the cooperation and approval of the foreclosing lender, is the quickest method for resolving mortgage foreclosure. The mortgage reinstatement amount is usually the total amount that is past due including late fees and legal costs, although some banks will waive some of the fees to reinstate.
“We hear from homeowners and real estate agents all over the country that their clients need help and we would like to have some families start the New Year with a clean slate,” said Barry Johnson, host of Real Estate Radio USA. Johnson added, “We’re not politicians, we’re not activists, we’re just a couple of guys who want to put a smile on someone's face and let them start 2008 with a new beginning. My only regret is that we can’t help everybody.”
The plan to offer mortgage reinstatements was developed after months of seeing the landscape of real estate being turned literally upside down. It is estimated that there may be as many as two million foreclosures in the next 18-24 months.
“We firmly believe that there is no way our government can be expected to enact some form of 'Marshall Plan' as some have called for. Real Estate Radio USA has been a strong proponent of people helping themselves and leaving government out of the fix-all business. We want to provide people with the means to pull themselves up by their bootstraps and move forward… people have to take accountability and help themselves,” stated Johnson.
Real Estate Radio USA will launch the “Please Reinstate My Mortgage” promotion with the assistance of many of its on-air sponsors and in conjunction with the financial assistance derived from its many live events and seminars. The promotion will be heavily promoted via the Internet and through a comprehensive and targeted mass email campaign to real estate agents, mortgage brokers, banks and via direct mail to hundreds of thousands of homeowners nationwide.
About Real Estate Radio USA
Real Estate Radio USA is a provocative, opinionated, informative and entertaining talk radio show about everything real estate. You can listen to Real Estate Radio USA live weekdays from 4PM to 6PM by going to http://www.realestateradiousa.com. All episodes are available in the archives located on the website and are available via podcast RSS feed from the website. Real Estate Radio USA operates and is broadcast from its studio offices in Fort Lauderdale, Florida.
For more information, visit Real Estate Radio USA's website at http://www.realestateradiousa.com
For more information, please contact:
Real Estate Radio USA's Media & Analyst Inquiries
Real Estate Radio USA
info (at) realestateradiousa (dot) com
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SOURCE Real Estate Radio USA
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