SOLD: 5012 FOX TROTTER WAY, ELK GROVE, CA

Today, another one of our Short Sale listings sold. It's always with mixed emotions for a Short Sale Agent. We're hired to do a job to help a homeowner who decides they want to avoid foreclosure and do a short sale of their home. It's not easy speaking with homeowners who had dreams of keeping their house for a long time and learning they're facing financial difficulties.

There are options for homeowners in this situation. A short sale often times is the best alternative. A short sale has less of an impact on a person's credit and they will be able to buy another home again sooner than if they let the house go to foreclosure.

This short sale was another Bank of America short sale that had many ups and downs. The house had to be sold twice because the first Buyers backed out. Each time that happens we have to start all over. It's frustrating for the Seller and the Agent. However, the Bank of America process is getting better, thankfully. We're getting approvals in less than 75 days, much faster than last year.

Fortunately, the Seller is now in a position to get a new start. They can rebuild their credit and buy again in a couple of years if they want to.

We're here to help them when the time comes.