{"id":96392,"date":"2020-12-15T03:00:00","date_gmt":"2020-12-15T03:00:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=27793982779398"},"modified":"2020-12-15T03:00:00","modified_gmt":"2020-12-15T03:00:00","slug":"how-equity-experts-is-preventing-foreclosures-during-the-holiday-season-2","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/12\/15\/how-equity-experts-is-preventing-foreclosures-during-the-holiday-season-2\/","title":{"rendered":"How Equity Experts Is Preventing Foreclosures During The Holiday Season"},"content":{"rendered":"<p><a href=\"https:\/\/icrowdnewswire.com\/2020\/12\/14\/how-equity-experts-is-preventing-foreclosures-during-the-holiday-season\/#\" class=\"icrowd_post_img\"> <!--<img decoding=\"async\" src=\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/12\/3684-1607978766.jpg\" alt=\"How Equity Experts Is Preventing Foreclosures During The Holiday Season\">--> <img decoding=\"async\" width=\"96\" height=\"96\" src=\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/12\/3684-1607978766.jpg\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"How Equity Experts I\" loading=\"lazy\"> <\/a> <\/p>\n<p><strong>iCrowdNewswire <\/strong><span class=\"date\">&nbsp;&nbsp;Dec 14, 2020&nbsp;&nbsp;5:00 PM ET<\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter\" src=\"https:\/\/pressrelease.icrowdnewswire.com\/assets\/source\/users\/3684\/equity-experts-prevents-foreclosures.jpg?1607978594395\" alt=\"equity-experts-prevents-foreclosures\" width=\"580\" height=\"380\"><\/p>\n<p>Around the world, governments and financial service providers are announcing debt deferment to help individuals experiencing an unusually tight budget due to the pandemic. During the holidays, it may be possible to have loan payments held for the next three months for short-term relief from mortgage payments due to illness, loss of work, loss of income, or time off caring for others. For homeowners living in HOA and COA communities, debt relief in other areas may make paying assessment fees easier. Otherwise, owners can request delayed payments from Community Associations as well.<\/p>\n<p><a href=\"https:\/\/equityexperts.org\/\">Equity Experts<\/a> saw a 12% increase in debt collection this August on top of recent annual increases of 38%. The community management industry expects a significant increase in delinquencies this year. They must prepare for a higher volume of past due accounts and evaluate them for impacts due to COVID-19. These homeowners are different and need to be identified as early as possible to determine the best course of action to learn:<\/p>\n<ul>\n<li>The main reason for their delinquency<\/li>\n<li>The anticipated duration of the financial impact<\/li>\n<li>What payments will be affordable over time<\/li>\n<\/ul>\n<h2>Going into the Holiday Season<\/h2>\n<p>Community Associations must understand the homeowner\u2019s position now and during the rest of this year to avoid foreclosures. These are residents <a href=\"https:\/\/www.facebook.com\/equityexperts.org\/\">Equity Experts<\/a> recommends communicating with regularly to keep an eye on their personal circumstances.<\/p>\n<p>If you haven\u2019t made changes in debt collections procedures, reach out to <a href=\"https:\/\/www.linkedin.com\/company\/equity-experts\">Equity Experts<\/a> to support staff and homeowners. We offer software integrations and analytics that give you the data to make predictions and decisions about <a href=\"https:\/\/equityexperts.org\/solutions\/\">debt collection needs<\/a>. Automated systems handle the increased volume of activity, and you\u2019ll be able to separate those at risk of moving through collections in the next few months from those who aren\u2019t.<\/p>\n<p>Remember that owners with financial issues resulting from COVID-19 aren\u2019t \u201cstandard\u201d collections risks \u2014 many of them have probably never had late payments before now. They are good people who have fallen on hard times due and threatening foreclosure won\u2019t help anyone.<\/p>\n<h2>Equity Experts Improves Homeowner Communications:<\/h2>\n<ul>\n<li>We inquire about reduced work hours, self-employment, business interruption, illness, caretaking responsibilities, and childcare costs with every past due account holder.<\/li>\n<li>We check your web portal to ensure it displays all the current deferral options in connection with COVID-19.<\/li>\n<\/ul>\n<p>Equity Experts make early repeated attempts using various methods to collect a debt, so there is time to get a response, collect the payment, or set up a payment plan. The community association should delay placing a lien on the property for as long as possible and avoid rushing to legal action or foreclosure.<\/p>\n<p>Since March, the economy has seen homeowners facing mounting debt as businesses closed, paychecks were reduced, school was delayed, and temporary unemployment ran out. Offer each homeowner an opportunity to defer payments over the holidays with structured plans to continue in January. Given some extra time, they are more likely to bring their accounts up to date.<\/p>\n<p>This year, <a href=\"https:\/\/equityexperts.org\/contact\/\">contact Equity Experts<\/a> to learn how to maintain a thriving community with patience and empathy.<\/p>\n<p>Sources:<\/p>\n<p><a href=\"https:\/\/equityexperts.org\/insights\/when-foreclosure-final-option\/\">https:\/\/equityexperts.org\/insights\/when-foreclosure-final-option\/<\/a><br \/><a href=\"https:\/\/www.fico.com\/blogs\/four-key-changes-collections-covid-19-struck\">https:\/\/www.fico.com\/blogs\/four-key-changes-collections-covid-19-struck<\/a><\/p>\n<div id=\"related_posts_wrap\">\n<h4>Also Read:<\/h4>\n<\/p>\n<\/div>\n<p><h3> Contact Information: <\/h3>\n<\/p>\n<p>Brittany Kelley <\/p>\n<hr>\n<div class=\"viacrowd viaimg\"> <a href=\"https:\/\/icrowdnewswire.com\"><img decoding=\"async\" src=\"https:\/\/icrowdnewswire.com\/wp-content\/themes\/icrowdnewswire\/images\/post_via_image.png\" alt=\"iCrowdNewswire\"><\/a> <\/div>\n<p> <!-- Now display keyword(tags) if any, and Categories combined --> <\/p>\n<p><span id=\"keywords_post_single\"> <strong> Keywords:<\/strong>&nbsp;&nbsp;&nbsp;&nbsp;collection agency, debt collection agency, debt collection services, hoa collections, hoa collections company, delinquent hoa dues<\/span><\/p>\n<p> <!--<\/p>\n\n\n\n\n\n\n\n<p>\n\n\n\n<div class=\"btn btn-primary\"> <a href=\"\" target=\"_blank\" id=\"related_posts_url\" rel=\"noopener noreferrer\">View Related Posts<\/a> <\/div>\n\n\n\n--> <\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/heymuse.com\/how-equity-experts-is-preventing-foreclosures-during-the-holiday-season\/\">How Equity Experts Is Preventing Foreclosures During The Holiday Season<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/heymuse.com\">Financial Market Brief<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>iCrowdNewswire &nbsp;&nbsp;Dec 14, 2020&nbsp;&nbsp;5:00 PM ET Around the world, governments and financial service providers are announcing debt deferment to help individuals experiencing an unusually tight budget due to the pandemic. During the holidays, it may be possible to have loan payments held for the next three months for short-term relief from mortgage payments due to [&hellip;]<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/heymuse.com\/how-equity-experts-is-preventing-foreclosures-during-the-holiday-season\/\">How Equity Experts Is Preventing Foreclosures During The Holiday Season<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/heymuse.com\/\">Financial Market Brief<\/a>.<\/p>\n<p> <a href=\"https:\/\/ipsnews.net\/business\/2020\/12\/15\/how-equity-experts-is-preventing-foreclosures-during-the-holiday-season-2\/\" class=\"more-link\">Continue Reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":249,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-96392","post","type-post","status-publish","format-standard","hentry","category-press-release"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Equity Experts Is Preventing Foreclosures During The Holiday Season - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ipsnews.net\/business\/2020\/12\/15\/how-equity-experts-is-preventing-foreclosures-during-the-holiday-season-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Equity Experts Is Preventing Foreclosures During The Holiday Season - Business\" \/>\n<meta property=\"og:description\" content=\"iCrowdNewswire &nbsp;&nbsp;Dec 14, 2020&nbsp;&nbsp;5:00 PM ET Around the world, governments and financial service providers are announcing debt deferment to help individuals experiencing an unusually tight budget due to the pandemic. During the holidays, it may be possible to have loan payments held for the next three months for short-term relief from mortgage payments due to [&hellip;] The post How Equity Experts Is Preventing Foreclosures During The Holiday Season appeared first on Financial Market Brief. Continue Reading &rarr;\" \/>\n<meta property=\"og:url\" content=\"http:\/\/ipsnews.net\/business\/2020\/12\/15\/how-equity-experts-is-preventing-foreclosures-during-the-holiday-season-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Business\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-15T03:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/12\/3684-1607978766.jpg\" \/>\n<meta name=\"author\" content=\"PressRelease\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PressRelease\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"http:\/\/ipsnews.net\/business\/2020\/12\/15\/how-equity-experts-is-preventing-foreclosures-during-the-holiday-season-2\/\",\"url\":\"http:\/\/ipsnews.net\/business\/2020\/12\/15\/how-equity-experts-is-preventing-foreclosures-during-the-holiday-season-2\/\",\"name\":\"How Equity Experts Is Preventing Foreclosures During The Holiday Season - Business\",\"isPartOf\":{\"@id\":\"https:\/\/ipsnews.net\/business\/#website\"},\"primaryImageOfPage\":{\"@id\":\"http:\/\/ipsnews.net\/business\/2020\/12\/15\/how-equity-experts-is-preventing-foreclosures-during-the-holiday-season-2\/#primaryimage\"},\"image\":{\"@id\":\"http:\/\/ipsnews.net\/business\/2020\/12\/15\/how-equity-experts-is-preventing-foreclosures-during-the-holiday-season-2\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/12\/3684-1607978766.jpg\",\"datePublished\":\"2020-12-15T03:00:00+00:00\",\"author\":{\"@id\":\"https:\/\/ipsnews.net\/business\/#\/schema\/person\/b558a66d859bca8d94c0d6191e15ba95\"},\"breadcrumb\":{\"@id\":\"http:\/\/ipsnews.net\/business\/2020\/12\/15\/how-equity-experts-is-preventing-foreclosures-during-the-holiday-season-2\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/ipsnews.net\/business\/2020\/12\/15\/how-equity-experts-is-preventing-foreclosures-during-the-holiday-season-2\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"http:\/\/ipsnews.net\/business\/2020\/12\/15\/how-equity-experts-is-preventing-foreclosures-during-the-holiday-season-2\/#primaryimage\",\"url\":\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/12\/3684-1607978766.jpg\",\"contentUrl\":\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/12\/3684-1607978766.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"http:\/\/ipsnews.net\/business\/2020\/12\/15\/how-equity-experts-is-preventing-foreclosures-during-the-holiday-season-2\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ipsnews.net\/business\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How Equity Experts Is Preventing Foreclosures During The Holiday Season\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ipsnews.net\/business\/#website\",\"url\":\"https:\/\/ipsnews.net\/business\/\",\"name\":\"Business\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ipsnews.net\/business\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/ipsnews.net\/business\/#\/schema\/person\/b558a66d859bca8d94c0d6191e15ba95\",\"name\":\"PressRelease\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ipsnews.net\/business\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/9cd6f2da326a41c787e3a1cf87029f9d081a0d3399e134a8958f786498b68f79?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/9cd6f2da326a41c787e3a1cf87029f9d081a0d3399e134a8958f786498b68f79?s=96&d=mm&r=g\",\"caption\":\"PressRelease\"},\"sameAs\":[\"https:\/\/icrowdnewswire.com\/ips\"],\"url\":\"https:\/\/ipsnews.net\/business\/author\/pressrelease\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How Equity Experts Is Preventing Foreclosures During The Holiday Season - Business","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"http:\/\/ipsnews.net\/business\/2020\/12\/15\/how-equity-experts-is-preventing-foreclosures-during-the-holiday-season-2\/","og_locale":"en_US","og_type":"article","og_title":"How Equity Experts Is Preventing Foreclosures During The Holiday Season - Business","og_description":"iCrowdNewswire &nbsp;&nbsp;Dec 14, 2020&nbsp;&nbsp;5:00 PM ET Around the world, governments and financial service providers are announcing debt deferment to help individuals experiencing an unusually tight budget due to the pandemic. During the holidays, it may be possible to have loan payments held for the next three months for short-term relief from mortgage payments due to [&hellip;] The post How Equity Experts Is Preventing Foreclosures During The Holiday Season appeared first on Financial Market Brief. Continue Reading &rarr;","og_url":"http:\/\/ipsnews.net\/business\/2020\/12\/15\/how-equity-experts-is-preventing-foreclosures-during-the-holiday-season-2\/","og_site_name":"Business","article_published_time":"2020-12-15T03:00:00+00:00","og_image":[{"url":"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/12\/3684-1607978766.jpg","type":"","width":"","height":""}],"author":"PressRelease","twitter_card":"summary_large_image","twitter_misc":{"Written by":"PressRelease","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"http:\/\/ipsnews.net\/business\/2020\/12\/15\/how-equity-experts-is-preventing-foreclosures-during-the-holiday-season-2\/","url":"http:\/\/ipsnews.net\/business\/2020\/12\/15\/how-equity-experts-is-preventing-foreclosures-during-the-holiday-season-2\/","name":"How Equity Experts Is Preventing Foreclosures During The Holiday Season - Business","isPartOf":{"@id":"https:\/\/ipsnews.net\/business\/#website"},"primaryImageOfPage":{"@id":"http:\/\/ipsnews.net\/business\/2020\/12\/15\/how-equity-experts-is-preventing-foreclosures-during-the-holiday-season-2\/#primaryimage"},"image":{"@id":"http:\/\/ipsnews.net\/business\/2020\/12\/15\/how-equity-experts-is-preventing-foreclosures-during-the-holiday-season-2\/#primaryimage"},"thumbnailUrl":"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/12\/3684-1607978766.jpg","datePublished":"2020-12-15T03:00:00+00:00","author":{"@id":"https:\/\/ipsnews.net\/business\/#\/schema\/person\/b558a66d859bca8d94c0d6191e15ba95"},"breadcrumb":{"@id":"http:\/\/ipsnews.net\/business\/2020\/12\/15\/how-equity-experts-is-preventing-foreclosures-during-the-holiday-season-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["http:\/\/ipsnews.net\/business\/2020\/12\/15\/how-equity-experts-is-preventing-foreclosures-during-the-holiday-season-2\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"http:\/\/ipsnews.net\/business\/2020\/12\/15\/how-equity-experts-is-preventing-foreclosures-during-the-holiday-season-2\/#primaryimage","url":"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/12\/3684-1607978766.jpg","contentUrl":"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/12\/3684-1607978766.jpg"},{"@type":"BreadcrumbList","@id":"http:\/\/ipsnews.net\/business\/2020\/12\/15\/how-equity-experts-is-preventing-foreclosures-during-the-holiday-season-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ipsnews.net\/business\/"},{"@type":"ListItem","position":2,"name":"How Equity Experts Is Preventing Foreclosures During The Holiday Season"}]},{"@type":"WebSite","@id":"https:\/\/ipsnews.net\/business\/#website","url":"https:\/\/ipsnews.net\/business\/","name":"Business","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ipsnews.net\/business\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/ipsnews.net\/business\/#\/schema\/person\/b558a66d859bca8d94c0d6191e15ba95","name":"PressRelease","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ipsnews.net\/business\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/9cd6f2da326a41c787e3a1cf87029f9d081a0d3399e134a8958f786498b68f79?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9cd6f2da326a41c787e3a1cf87029f9d081a0d3399e134a8958f786498b68f79?s=96&d=mm&r=g","caption":"PressRelease"},"sameAs":["https:\/\/icrowdnewswire.com\/ips"],"url":"https:\/\/ipsnews.net\/business\/author\/pressrelease\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/posts\/96392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/users\/249"}],"replies":[{"embeddable":true,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/comments?post=96392"}],"version-history":[{"count":1,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/posts\/96392\/revisions"}],"predecessor-version":[{"id":96393,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/posts\/96392\/revisions\/96393"}],"wp:attachment":[{"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/media?parent=96392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/categories?post=96392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/tags?post=96392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}