Redding CA - Short Sale Agent - Advice from a Property Management Agent--I have a new short sale that is coming on the market as an Approved Cooperative Short Sale from Bank of America. The Valuation from the bank was ordered and the BPO agent gave me a call about gaining access to the property. I made arrangement to get a lockbox on the property for her so that she would have flexibility in gaining access for the BPO. I told her that the clients were relocating due to a job transfer and that the house was in flux from their efforts to do the short sale and to get relocated in a rental at the new location.
She made the comment that she was a Property Manager and that she so appreciated those sellers who were responsible and in a position to do a short sale and that she never thought twice about approving them for a rental. She went on to say that anyone that is willing to take the time and effort to communicate with the bank and cooperate with getting that short sale done, is by far a more attractive prospective tenant. She further stated "If they have a foreclosure on their record, I don't even consider them".
There are many reasons for doing a short sale and there are times when you cannot. The positive side of the short sale has to do with your credit going forward and not having a foreclosure on your record that will follow you for years. It is always good to speak with professionals on your specific financial and legal situation. The short sale will be easier for you going forward if your situation qualifies. I wrote just the other day about clients I have that did a short sale a little over two years ago and are getting ready to purchase with an FHA loan in the next six months. There is hope for those facing foreclosure and it is very important to look into your options so that you will choose the best thing for your future.
Alternatives to Foreclosure--A short sale is a dignified solution to foreclosure and can have a lesser impact on your financial situation. This includes your eligibility to secure a home loan for the future. Compared to short sales, the consequences of foreclosure are significant.
To learn the benefits of a short sale, and what this means for you, read my free report available here. As a CDPE-designated agent, I have extensive training in helping homeowners avoid foreclosure.
For a personal consultation on all of your available options, I’m just a call or email away… and I’m here to help.
Call of visit my website to learn more about Alternatives to Foreclosure.
I am Jeanean Gendron, your Redding and Shasta County Specialist. You can reach me at 530 276-7417. I answer my phone I hold the Certified Distressed Property Expert, CDPE and the Certified Investment Agent Specialist, CIAS designation. I have taken special training so that I may help my clients in all their Real Estate Investment needs. Knowing the Alternatives to Foreclosure in this market is critical in helping my clients.
I am here to help.
I am HAFA Certified!
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