Monday, October 10, 2011

It’s time to take another look at short sales

Just a few months ago, if you would have told a real estate agent who specialized in short sales that in the future a lender’s would give stellar service and rapid approval times—and on top of that 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 homeowners and 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 of up to $35,000 at closing for homeowners who pursue a short sale. And they’re proactively reaching out to agents with short sale experience 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.
As a I have been specializing in short sales for almost 5 years and as a member of the CDPEAdvanced community, I’m tapped into major lenders and on top of major developments affecting short sales and bank-owned properties.  I invite you to visit my website  to learn more and feel free to contact me any time at 321-443-4448 or email me at if you or anyone you know is struggling with an unmanageable mortgage.