The owner of this property successfully avoided foreclosure through short sale.
The current real estate market has caused many homeowners unbearable heartache and stress. A homeowner in financial distress often feels trapped by their mortgage, suffocating under a mountain of debt and unable to make mortgage payments. If you or someone you know is upside down on their mortgage and think there is no way out, I can help.
As a Certified Distressed Property Expert (CDPE), Ihave completed extensive training in foreclosure avoidance and short sales. This is invaluable expertise to offer at a time when the area is ravaged by "distressed" homes in the foreclosure process.
Short sales allow the cash-strapped seller to repay the mortgage at the price that the home sells for, even though it is lower than what is owed on the property. With plummeting property values, this can save many people from foreclosure and even bankruptcy. More and more lenders are willing to consider short sales because they are much less costly than foreclosures.
In the last week of August, Massachusetts had 594 homes enter into foreclosure. It is happening in all price ranges. Local experts say that even high-priced homes are not immune.
"This CDPE designation has been invaluable as I work with sellers and lenders on complicated short sales," said Christopher Terry. "It is so rewarding to be able to help sellers save their homes from foreclosure."
For more information about foreclosure avoidance through short sales visit http://www.DistressedPropertyHelpSite.info
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