Short Sale Listing Appoinments Never Get Easier

By
Real Estate Agent with Keller Williams Realty- North Shore

Despite the stigma, your doing the right thing.

Most people that don't understand the business, think that short sales are for those who bought over their heads in the first place and deserve to lose the property. While this is true for SOME,  the majority of the short sale clients I am meeting with are hard working people that have fallen victim to this economy.

If you have lost your job, modifying your loan is no longer an option.  For those of you that have never had to make the call to your lender to look for options only to hear "well can't you borrow the money from someone?" or "why don't you sell your car?" (I didn't make these up.), you wouldn't understand the frustration of trying to do the right thing.

Short Sales are not new and not a result of the current economy. They are a creation of past recessions and were developed to be a win,win for all involved. Believe me when I say, if they didn't benefit the banks in some way, we wouldn't have them as an option. 

The basic trade off is that the consumer gets out from under the loan with limited(although there is some) damage to their credit while the bank can recoup fair market value without having to go through the expense of foreclosure.

I guarantee that you would have a different opinion as to the value of the short sale option and the people who are forced to use it, if you came to just one listing appointment with me.  They are always very emotional meetings that range from sadness to frustration to anger. Most have worked and paid their way all of their lives and never thought they would be in this position. They are swallowing their pride and DOING THE RIGHT THING!

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
Massachusetts Essex County Beverly

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
472,455
Janice Roosevelt
Keller Williams Brandywine Valley - West Chester, PA
OICP ABR, ePRO,Ecobroker

My prayers are with these people. My hope is that short sales become at hing of the past

Sep 05, 2009 11:52 PM #1
Ambassador
1,615,410
Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

I have recruited a top agent in my area who specializes in short sales. An article I was reading show that banks are favoring short sales and loan modications to decrease the number of foreclosures.

Sep 05, 2009 11:55 PM #2
Ambassador
2,064,720
Fernando Herboso - Broker for Maxus Realty Group
Maxus Realty Group - Broker 301-246-0001 - Gaithersburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

I have done at least 50 of those this year so far. . .I feel sometimes like a priest a psychiatrist and a marriage counselor. . all rolled into one

with a hint of Real Estate Agent on top of it !

Sep 05, 2009 11:57 PM #3
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
98,076

Mike Giles

Search Boston's North Shore
*
*
*
*
Spam prevention

Additional Information