IRVINE, CA– Real estate expert Rick Sharga, (top right photo) vice president of marketing at RealtyTrac™ (http://www.realtytrac.com/), the leading online marketplace for foreclosure properties, will speak at the annual 2008 USFN National Default Servicing Seminar and Technology Forum on Friday, June 6, at the Grand Hyatt in San Antonio, Texas.Sharga is slated to speak about the latest foreclosure prevention legislation at a 9:00 a.m. panel discussion titled “In the News: Current Issues Affecting Default Servicing Industry.”
“The housing slump — accompanied by a surge in foreclosures — in the midst of a presidential election year has pushed foreclosure prevention legislation to the top of many politicians’ priority lists,” Sharga said.
“The U.S. House and Senate both recently passed legislation aimed at providing relief to homeowners facing foreclosure, and many states have passed or proposed similar measures. Many of the laws being considered, or already enacted, could have a significant impact on the default servicing industry.
"In addition, the Executive Branch has also attempted to address the issue via programs such as HOPE NOW and FHA Secure, which are designed to provide lifelines to distressed homeowners.”
For additional information on Sharga's topic and background on USFN, please contact Tammy Chan, Atomic PR, 415-402-0230, tammy@atomicpr.com
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