If you are facing foreclosure in Cumming, Alpharetta, Suwanee, Johns Creek, Duluth or anywhere in North Atlanta - realize you have options.

First, realize a bank does not want to foreclose on your home.  In a foreclosure a banks loses money from the minute a person stops paying on their mortgage.  So a bank would prefer to assist you in selling your home through a short sale. 

What is a short sale?  It is when the fair market value in a home is not enough to pay off the mortgage and other liens on the home (including the Realtors).  The Seller has a process they have to go through to see if they qualify for a short sale and if they do list the home with an agent (hopefully me) that has experience w/ short sales and gets the home sold.

The benefit to the Seller is it provides an orderly way to sale their home and it keeps the foreclosure off their credit score (which could keep them from buying a home for 7 years).  With a short sale on a credit report - some people could purchase a home in as little as two years.  From the banks perspective it does not have to incur the costs of foreclosure and the subdivision wins because there is not a vacant home in the community.

A short sale is not easy to work out but is much better for a seller and the bank than foreclosure.  If you are facing foreclosure and want to discuss your options including a short sale, call John Foster with Remax Greater Atlanta at 770 722-7010.

If you would like additional information on the real estate market in North Atlanta, such as Dunwoody, Roswell, Alpharetta, Johns Creek, Cumming and Duluth ( Free In Depth Current Market Analysis Of Your Home), contact  John Foster with Remax Greater Atlanta  at 770 722-7010 or call my pager at 770 238-0589.  Full Real Estate Services including Seller and Buyer Representation, Short Sales, Foreclosures and Real Estate Consultation.