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Many Country Club of Lakewood Ranch Residents Seek Short Sale Instead of Foreclosure in Manatee County Florida
The nationwide foreclosure crisis is affecting homeowners at all socioeconomic levels and in all communities. The Country Club of Lakewood Ranch homeowners are themselves coming to grips with the realities of today's Manatee County Florida real estate market.
More and more of the residents are coming to realize that the issues created by the bursting of the housing bubble are neither their fault, nor a reflection of their personal integrity. It is what it is, and it "is" an issue affecting millions, including homeowners at the Country Club of Lakewood Ranch.
While it's not something generally shared amongst neighbors over coffee, or cocktails, many recent sales have been short sales -- sales in which the lender has agreed to release its lien on the property in spite of the fact that the current market value is well below the outstanding mortgage balance.
Bankers don't do this to be kind, or because they "care" about the property owner (they most emphatically don't) but because in most instances it makes economic sense for them to do so given the high cost of foreclosure proceedings -- a cost they must absorb if they foreclose.
Being one of the most complicated and time consuming of all residential real estate transactions, families at the Country Club of Lakewood Ranch are turning to professional short sale specialist teams to coordinate, negotiate, and close successful short sales on their behalf.
While scammers do exist who will attempt to charge large up front fees, legitimate stop foreclosure experts will receive 100% of their compensation from the lender, with no up-front, out of pocket costs to the homeowner. The best of these teams will include associated professionals having expertise in real estate brokerage, mortgage finance, title, and bankruptcy law.
If you are a resident of the Country Club of Lakewood Ranch and are facing a possible foreclosure, you may download our free eBook, attend an upcoming free informational tele-seminar, or request a free, no obligation initial consultation.
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