The term foreclosure gets thrown around a lot, but what does it really mean? And while the media is reporting the “foreclosure crisis” is over, the fact remains that foreclosures will always be a part of the real estate market. Paula Savard, broker-owner of Paula K. Aberman Associates in Lancaster, explains what foreclosures are and what Realtors should know about them.
About the Expert:
Paula K. Savard is CEO of Paula K. Aberman Associates in Lancaster, MA and has been practicing real estate , moving people and coordinating selling and buying on a daily basis for over 40 years. She is a Training Instructor in Professional Standards, Certified by the National Association for REALTORS. She was the 1997 Regional Vice president for the New England States and is a past president of the Massachusetts Association of Realtors. In 1999 and 2008 she served as the Liason between the Law and Policy committees and the Executive/Leadership Team for the National Association of REALTORS. In 2003, Paula was the Massachusetts REALTOR of the Year and in 2012 she was one of two REALTORS nationwide to be honored with the Distinguished Service Award by the National Association of REALTORS.