Terrell Owens and the housing market.

 Question: What does the housing market and Terrell Owens have in common?

Answer: Both have declined in value recently and they are both distressed.

Sometimes you have to apply the laws of the sporting world to the housing market.  When a player becomes a distraction in the locker room and puts selfish desires ahead of the team, it usually doesn't end well for them.  What do teams do?  They cut the palyer and look to the future.  Ahh, but where there is distress their is also help.

The market is flooded with distressed properties and there is no immediate end in sight to this phenomenon.  Many factors can cause a property to become distressed such as divorce, loss of a job or laid off, unexpected medical bills or death of a spouse.  In these situations many times a homeowner is faced with a mortgage that is more than the value of the home itself.  Many people feel trapped and turn to the bank for help only to be told that they can't be helped.  Some people take matters into their own hands and attempt the For Sale By Owner approach in an effort to save on taxes, professional fees and other costs associated with the sale of a home.

Many times these people fail miserably and find themselves closer to the brink of foreclosure.  What these people need is the help of a caring and professional Certified Distressed Property Expert--CDPE.  Most homeowners facing foreclosure don't realize that they can use the services of a trained Real Estate agent without having to pay for those services.  Many banks will pay title insurance, professional fee and various other fees in what is commonly called a "short sale" situation.  For more information on short sales log on to www.FloridaShortSales911.com.

If you are a homeowner facing a difficult situation and in need of answers to your many questions regarding a short sale or debt resolution, then please seek the help of a professional Realtor to assist you in negotiatiing with your lender.  Recently congress passed a bill that puts a 3 year moratorium on 1099 "phantom" tax implications as the result of a short sale.  For a free short sale consultation on the Pensacola Florida area please log on to www.PensacolaHomeSite.com or visit www.PensacolaShortSales911.com

Releasing a football player is a whole lot easier than selling a distressed property and that's why you need an expert on your team.