Real Estate Blog - Short sales are given an unfair assessment

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Short sales are given an unfair assessment

Once again the veins in my neck popped as I read a front page cover storyin the Sun Sentinel Broward edition this past weekend about the doom and gloom of Short Sales....eeeekkkk! I couldn't stand it and before I even went on to read one more news story, I plopped down in front of my computer to send a letter to the writer. I had to let him know that the information that he was receiving wasn't totally accurate as I know Short Sales are closing and are saving homeowners from the devastation of foreclosure.

Sure there are problems with Short Sale but do we have to continue to hear again and again that they aren't a viable option for avoiding foreclosure? How is that helping? Is it better to let the homes be foreclosed on? Of course not.

It seems that in life, bad news travels faster than the good news.

It's true. Someone will complain about a bad experience before they congratulate for a good experience.

What's bad about:

Avoiding foreclosure
Lessening damaging effects to credit
Reducing health ailments to borrowers from reduced stress
Buyers receiving a good value on a home
Neighborhood home values not declining further
Lenders lessening their losses
Feeling good about playing an active role in the above

Are their parts of a Short Sale that need tweeking? Absolutely. But because of some needed tweeking, we should trash the whole gamut?

The more you know, the better prepared, the better the outcome.

I serve Coral Springs and the surrounding cities such as Coconut Creek, Parkland, Tamarac and Sunrise in Broward and Dade and Palm Beach Counties of South Florida as your dedicated Realtor and CDPE Certified Distressed Property Expert ready to work for you. I'm looking forward to hearing from you soon. Please call me at 954-464-1100 or email me at: lynnp@ImagineYourHouse and it would be my pleasure to help you!

Learn more about me and Coral Springs Real Estate as your Coral Springs Realtor

The more you know, the better prepared, the better the outcome.

I serve Coral Springs and the surrounding cities such as Coconut Creek, Parkland, Tamarac and Sunrise in Broward, Dade and Palm Beach Counties of South Florida as your dedicated Realtor, Short Sale Specialist and CDPE Certified Distressed Property Expert ready to work for you.

I'm looking forward to hearing from you soon. Please call me at 954-464-1100 or email me at: lynnp@ImagineYourHouse and it would be my pleasure to help you!

Learn more about me and Coral Springs Real Estate as your Coral Springs Realtor

Posted by Lynn Pineda-Coral Springs REALTOR, Short Sale Specialist on 08/13/2009 06:36 PM

Comments (6)

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Originally posted at: Coral Springs Real Estate : Short sales are given an unfair assessment

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6 Comments on Short sales are given an unfair assessment

AUG

Great post! I agree there is a lot to be Tweaked about short sales, but the fundamental reason for them is still the same, and it Helps people get out of a bad situation.

If reporters are going to write about Short Sales, then I suggest interviewing experienced Short Sale Specialists, they are the EXPERTS! Go get 'em Lynn!

AUG

Good Job Lynn. When I read negative information about someone's perspective on short sales - I generally "get it" as to why they think that way. It is SO, SO important that short sale agent's that "get" why we help people, keep digging in, communicating every way we can and continue to work hard and serve. The need is large and will not go away anytime soon. Bravo to you!

Lynn - You do tend to read about the negative. What about the dismal "23% of short sales close" that is going around the internet? You and I know that we close way more than that!

Wendy, I just think it's about time to report the positive aspect of a Short Sale. Stop taking quotes from those who have no belief in the Short Sale as that is only harmful.

AUG

I have posted a couple of rants lately about specifics of a couple of short sales. I REALY TRULY want to post something positive, and will when I actaully have a positive experience!

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