Idaho Help for Short Sales and Foreclosures, Teton Valley and Upper Valley

I have just completed a course in Short Sale and Foreclosures. I am serving South East Idaho including Teton Valley and the Upper Valley. I am here to help.

According to the Short Sales and Foreclosure Resource Course:

•·         National delinquency survey from Mortgage Bankers Association (MBA) 1^stQu 09 12.07% defaults and loans in foreclosure.  Highest ever recorded in history of the MBA survey.

•·         Realty Trac reported that 1.9m plus filings recorded in first 6 months of 09.

•·         NAR survey shows short sales and foreclosed properties accounted for 1/3 of existing-home sales in July of 09.

Consequences of foreclosure:

Distressed homeowners:

•·         Loss of home

•·         Loss of equity

•·         Damage to credit:

•o   Lowers credit score by 200 points or more

•o   Remains on credit history for 7 years

Neighboring Homeowners:

•·         Declining home values

•·         Loss of equity

•·         Increased possibility for vandalism and theft

Surrounding Community:

•·         Declining home values

•·         Reduced taxpayer base

•·         Increased possibility for vandalism and theft

Consequences of Short sale

•o   Lessen the impact a foreclosure can have on the surrounding community

•o   Won't damage the distressed owner's credit as much as a foreclosure (for example if the borrower is still current with other payments, a short sale may lower the borrower's credit score by as little as 50 points).

Call me for all your Real Estate Professional Short Sale, Foreclosure and R.E.O. needs.