A 73-percent increase in May foreclosures over last year has prompted a Northwest Florida company to reach out to distressed homeowners in the area.
The company, Residential Solutions Plus LLC (RSP) of Pensacola, Florida, says in a press release that it became alarmed when the Escambia County Clerk of Court (in Northwest Florida) recorded 529 foreclosures in May of this year, compared to 305 last year — a 73-percent increase.

In response, the company is reaching out to area borrowers and offering advice from real estate professionals who know how to mitigate losses, and, in some cases, a fair offer from RSP to purchase the home and relieve the borrower.
“The effects of foreclosures can be devastating,” said Johnny Johnson, a real estate investment professional at RSP. “In addition to losing the family’s major financial asset, a foreclosure can stain a family’s future credit rating making the road to recovery that much more difficult. And, when parents are forced to move the family, their children often find themselves in another school district, separated from friends.”
The RSP firm, which identifies itself as a private real estate investment company, has more information available on its Web site at www.foreclosuresinpensacola.com.