Short Sales....Everybody's Doin' It!

The statistics now show that 1 in 7 homeowners are unable to continue to make their monthly mortgage payments and a staggering 1 in 4 homeowners are finding that they are "under water" or in other words they owe more than what their property is valued at. It's a terrible feeling.....seeing the your most valuable resource decreasing more and more each year, and yes, each month.

Investors and lenders, as recently as 2008 frowned on doing Short Sales, but, wow, how things have changed in the past 2 years. Now it is not only an acceptable option, but a preferred one, instead of a foreclosure.

So if you or someone you know would benefit by consulting with someone that knows short sales, please encourage them to call me at 303.903.7195. All calls will be held in stricly confidence. There's no need to be embarrassed or to suffer in silence alone. Look down your street and count off every 7th home, and chances are that homeowner is in a distressed situation and may be considering a short sale as well.

Lenders are finding that people that go through a short sale have a minimal decrease in their credit scores and many time do not even have to wait to obtain financing on another home, as in the past.

Now with the moratorium on foreclosures in many states, it gives homeowners extra time in which to pursue a short sale.