Pamela Holmes is the premier short sale specialist for Atlanta Georgia. Even with all of the hype over loan modifications in the first 8 months of 2008 58% of the people who modified their loans had re-defaulted on their loan modifications. This means borrowers who modify their home loans had less then a 50/50 chance of successfully avoiding foreclosure.
The housing crisishas profoundly effected the Atlanta, GA area. The best thing for these 58% to do would be contact a local short sale specialist. A short sale specialist helps home owners avoid foreclosureby getting the lender to agree to sell the home at a pre-agreed upon price. When the home sales at this price the lender agrees not to pursue the borrower for the deficiency amount (deficiency judgement).In the state of Georgia when a home is foreclosed upon the lender has the right to seek repayment of any funds lost due to the foreclosure of the property. They simply file a deficiency claim with the courts, and the courts may award a deficiency judgement. As the borrower you do not pay your short sale specialist for their service. The short sale specialistis paid by the lender for helping them reduce the lenders total losses by avoiding foreclosure. So when modification has failed you or is not an option due to a loss of job or lack of motivation to continue living in the home. Seek out the premiere short sale specialist in your area. Pamela Holmes is an Atlanta real estate agent and CDPE, that is a Certified Distressed Property Expert. Pamela Holmes is trained to effectively and efficiently market and negotiate short salesin the state of Georgia. In addition, Pamela Holmes is a Certified REO Specialist which means, she is an expert at pricing property for the banks. These two certifications place Pamela Holmes, a licensed Real Estate broker in Atlnta GA since 2004, in the best position to serve buyers and sellers in this complicated market. All doctors can't perform surgery and all realtors can't do short sales. Go with the expert short sale specialist. We are happy to serve you.Short sales usually take longer to close than do traditional listings because the bank has to agree to every term of the sale and so does the seller. This is true for the first mortgage and the second or third mortgage if those are present. Because of the amazing amount of inventory, the banks can become overloaded with cases and take a considerable amount of time to get to your particular file. This means picking the right short sale specialist could mean the difference between selling your home and losing it in a foreclosure. Don't delay if loan modification is not for you call Pamela Holmes your Atlanta Georgia short sale specialist today. She can get your bank to agree to let you sell the home, allowing you to walk away from your home without a debt following you around for the rest of your life, while also avoiding a foreclosure on your credit report. Making a short sale a much better option then any of the other alternatives available to you in this unfortunate situation.
Pamela Holmes, CDPE, CREO
Certified Distressed Property Expert
Certified REO Specialist
ReMax of Buckhead at Brookhaven