Real Estate News

           It’s time to take another look at short sales

As recently as a few months ago, if you would have told any real estate agent who specializes in short sales that they’d be raving about a lender’s stellar service and rapid approval times—not to mention significant cash incentives for financially strapped homeowners for pursuing a short sale—you’d have gotten some strange looks.

That’s all changed. And it’s changed faster and to a greater extent than most real estate professionals ever could have imagined.

With a glut of bank-owned properties dragging down the recovery of the real estate market, as well as the national economy, major lenders are more eager than ever before to avoid foreclosure. So they’ve sharpened their focus on short sales. Big time.

The biggest lenders in the country have staffed up to ensure rapid processing of short sale applications. They’ve ponied up with cash incentives at closing for homeowners who pursue a short sale. And they’re proactively reaching out to CDPE agents and putting them in touch with delinquent borrowers.

This is big news and the media has not really caught onto it yet. What’s important for you to know is that whatever you’ve read or heard in the past about long lag times and frustrations with short sales is probably no longer the case. Yes – there are issues out there with some homes, and dealing with 2^nd and 3^rd mortgages are not fun, but for the most part – it’s better

My agent staff has trained specialists, who – like me, carry the CDPE designation. The most important part about selling a short sale home is having somebody with the training and experience to assist those who are struggling with an unmanageable mortgage.

Check out my Short Sale Resources and contact me for additional information.