Local Realtors are hurrying to take courses to keep themsleves ahead of the curve to assit their Buyers in the current mortgge cirisis. Evergreen Realty Agents are taking the Loss Mitigation Certification course to assist homeowners with the options they have in this dificult time. As Buyer's Agents they will be better qualified to help them with bank owned properties and other options.
It is important to have Buyers understand that according to a study by the U.S. Department of Housing and Urban Development, 60 percent of a homeowner's wealth is from the equity they have built in their home. A Federal Reserve study has shown that the average homeowner's net worth is 46 times the net worth of the average renter.