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So Why WOULD a Seller Choose Short Sale Over Foreclosure?

Until the process of short sales is streamlined and made to be more uniform, it will continue to be a frustrating experience for most parties involved; the home seller, the home buyer, the real estate agents involved, closing parties. They require more time and tenacity than most "regular sales" on the part of all who are trying to keep the home from going to foreclosure. I'm asked on a regular basis why a homeowner would put him or herself through this stressful process, rather than just walking away and letting the bank have the house back. The other day I found this video on the RE/MAX International youtube channel. I will let this seller explain it. She does it far better than I ever could.

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Colleen Fischesser is the Broker/Owner of RE/MAX Select Real Estate. She has been successfully helping clients buy and sell real estate in the greater Seattle area since 1990 and specializes in South East King County including the communities of Covington, Renton, Auburn, Kent, Ravensdale, Black Diamond & Maple Valley. Voted by clients and industry professionals as one of Seattle Magazine's 5 Star, Best in Client Satisfaction for 4 years running, she and her team rank in the top 50 of RE/MAX teams in the entire Northwest region. Colleen is committed to remaining on the cutting edge of real estate marketing and technology while providing value-added, personalized service.

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Posted by South King County Broker/Owner Colleen Fischesser 425-432-5400 on 10/26/2009 10:37 AM

Comments (4)

Short Sale vs Foreclosure in the Home Selling Channel

foreclosure options, short sale instead of foreclosure, why do a short sale

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4 Comments on So Why WOULD a Seller Choose Short Sale Over Foreclosure?

OCT

What a great video! Thank you for sharing this. It really needs to show the human side of the deal and how almost impossible situations can turn our much better than expected.

OCT

This is a great story of making the best of a bad situation. I wish every distressed homeowner could see it...

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