I have touched on the subject of shame associated with defaulted loans. For those who are truly in a hardship situation this is a real part of how they feel. They are stressed, scared, and confused. It's heartbreaking to sit with these homeowners to discuss their options. I know there are people who run short sales for no other reason than they don't want the upside down home but I'm not addressing them. I try to encourage all that are in trouble with their mortgage and see that they may not be able to continue paying the mortgage to seek help. There are homeowners from every walk of life who are in trouble so they don't need to feel alone. To all agents out there, please keep this in mind when you are dealing with sellers facing foreclosure or short sale. A little bit of compassion goes a long way.
William Raveis Real Estate - Southport, CT
CRS, GRI, e-PRO Fairfield County, CT
Mary Ellen - I had this very conversation with a seller a few weeks ago. He couldn't come to terms with doing a short sale even though he had purchased his home at the peak of the market and need to relocate for a new job. It's really a shame that the credit bureaus don't give sellers a one time pass for those who bought at the peak of the housing bubble.
Oct 14, 2011 03:33 PM
Rainer
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