1 in 10 Home Owners have Missed a House Payment, National Statistic, A Short Sale may be the answer, Toledo Ohio

1 in 10 people have missed a house payment. This is a National Statistic that I recently heard about while talking with an associate.. To me that is a little mind blowing. A short sale may be the answer. The problem, and there is probably a multitude of reasons why, people do not contact a Realtor quick enough. They usually wait until they get a foreclosure notice or worse yet a sheriff sale notice. They should be contacting a Realtor as soon as they have missed that first house payment due to a life changing event.

I have just received a clear to close on a short sale in the Toledo Ohio area. The date of the contract was 6-10-09. You may think I am a little crazy, but I believe this is an area I want to start to focus on in my business. This short sale was with 2 creditors. Two make matters and a bit more complex, we received a quick approval by the secondary creditor and by the time we received the approval of the primary creditor the file of the secondary was turned over to a new secondary creditor. However, I and the other Realtor have worked very closely. The buyers lender Cecelia Jacobs at Bank of America, cecelia.jacobs@bankofamerica.com was instrumental in getting the "clear to close".

The first time home buyers are getting a great value on their new home. Even the sellers are happy that they can now move on with their lives.

The reason why I want to focus on this area is I do not want to list bank owned properties. They are a quicker sale than a short sale, but I like the idea of someone in a home, taking care of the home, the utilities are on, and maybe helping someone whose credit score will be lowered due to the short sale, but their credit will not receive the hit of a foreclosure.

I am currently in the process of developing a plan of action along with Bob Lohman of the Lohman Teamto make this process more streamline. A more streamline process for not only us as Realtors, but the current home owners, the buyers, the creditors, the lenders and the attorneys. It will be an interesting road, but one that I am looking forward to traveling.

Please feel free to visit my web site at BertSellsToledoHomes.com for all your real needs. Your Remax, Resource for Toledo Ohio and the Toledo Ohio Areas.

Bert Spangenthal, bertspangenthal@bex.net, 419.346.1458. You can text me 419.346.1458

Also, you will want to visit The Lohman Team's website at HomesAroundToledo.com.

RE/MAX Preferred Associates.

Oh by the way............If you know of someone moving to the Toledo Area please do not hesitate to contact me. I am never to busy for your Referrals.