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Working Short Sales - Saving Homeowners from Foreclosure

By
Real Estate Agent with RE/MAX Broker, RE/MAX 1999033519

Not all home owners understand the term "Short Sales."

Short sales are a way for homeowners facing foreclosure to possibly save their credit and recover faster than turning the keys back to the bank and walking away from their most treasured possession.

I'm currently working with several homeowners to sell their home quickly and avoid foreclosure from the banks.  Many agents steer away from these type of homeowners from lack of knowledge on how to successfully close short sales.

Losing their job, a death in the family, or medical problems are some of the reason homeowners fall behind in their payments.  Refinancing is only a "short term" solution to stay in the home a little longer (if the bank will refinance).  Selling a home in today's market, with falling prices, has forced more homeowners  to accept offers and bring money to closing.  Closing become impossible if a homeowner has no money to spare.

But banks are not willing to accept a low offer on all short sales.  If you are facing foreclosure, call me.  We may be able to help you sell your home quickly and help save your credit rating.

Another Short Sale Successfully Closed

Bank Foreclosures and Short Sales

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 Kay Van Kampen is a local Realtor serving Springfield, Ozark, Nixa, Rogersville, Republic and surrounding areas in Missouri.  She is ready and available to help you with all your Springfield Mo real estate needs.  To contact her go to www.kayvankampen.com.

If you would like a free list of homes for sale in this area/neighborhood, would like more information about Springfield, Ozark, Nixa, Rogersville, Republic, Willard and surrounding areas or would like to be the first to know about hot new listings before other buyers do, then give me a call at:  417.839.4534.

Greg Gorman
John R Wood Properties - Naples, FL
Naples Florida Real Estate

Like them or not, Short Sales are going to be here a while. We always thought that couldn't happen in our little pristine Naples, but last month, 957 new foreclosures were filed in county court. If buyers can be found for a short sale, it save on stress, expense and long term effects of foreclosure. Thanks for shaing Kay. Greetings from Paradise.

Realtor Greg Gorman & Team Paradise Logo

Oct 05, 2008 11:40 PM
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Kay - It is great to try to help those looking to do a short sale that could end up in foreclosure otherwise. They are frustrating transactions to deal with when you get no communication with the lender though!

Oct 06, 2008 05:14 AM
Debbie Summers
Charles Rutenberg Realty - New Smyrna Beach, FL

Kay - I've had two buyers purchase short sales and I'm glad that they did, even though it took forever and was often times quite frustrating. 

Oct 10, 2008 07:35 AM
Kay Van Kampen
RE/MAX Broker, RE/MAX - Springfield, MO
Realtor®, Springfield Mo Real Estate

Greg, short sales can be successful....and as real estate agents, we must quickly learn to work them.  So sad to see so many foreclosures in your area.  Hope you can help save some of them.

 

Bill, learning to work these short sales and having the patience to get thru to the lender is the most stressful part of the deal.  If the lenders will allow us to get the job done, there wouldn't be so many foreclosures.  I'm currently working 6 short sales.

Debbie, I recently took a class on short sales.  Good thing too.....all my short sales came from articles here in AR.

Thank you all for the great comments

Oct 12, 2008 04:40 AM