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Foreclosure Moratorium Won't Affect Short Sales

By
Real Estate Agent with Group 4610 Network

Welcome back to shortsalepowerhour.com. We are Arizona's premier short sale realtors. We would like to talk about the vastly overblown foreclosure moratorium. There are some people out there that believe this moratorium on foreclosures will have an impact on the short sale business. We don't necessarily think it will. We've had several foreclosure sale dates postponed because of it, but they would have been postponed anyway because they are active short sale files.

This has been a media frenzy about something that isn't really an issue. However, the realtro reaction is what concerns us the most. If you are concerned about this affecting your business, it is possible you don't have full control of your short sale business.

We can use this frenzy to wake up the rest of the real estate world that isn't doing short sales. And, we can be certain that this moratorium will be short lived. GMAC, BofA, and Chase have all looked at this situation and decided that they are ok.

We have been asked several times how this will impact us. The truth is, we won't let it impact us at all. We are just going to stay narrowly focused on our objective. All of the other stuff going on in the background will not affect our short sale business. There may be effects, but it won't affect our business.

Do you have questions? Read the Short sale FAQs.

Are you a Realtor? Then get free short sale training by Kevin and Fred at Free Realtor Training on ShortSalePowerhour.com

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