Short Sales in Frankfort totaled 22 successful closings for the year of 2011. Of those 22 closed Frankfort Short Sales 20 of them were single family homes, 1 was a townhouse/condo and 1 was vacant land. It is also important to note that a total number of 44 Frankfort Real Estate properties were foreclosed in 2011. This is a total of 66 distressed sales (including short sales & foreclosures).
With a total of 256 Frankfort Real Estate properties closing in 2011, this
represents just above 25% of all closed sales being distressed sales down from 2010 where it was
roughly 27% of all the closed sales. There is no question regarding the fact that these distressed sales weigh on our home values,
especially the foreclosures not to mention the damage it creates for those involved.
The number of Frankfort Foreclosures vs. Frankfort Short Sales still really surprises
me. More than 66% of the distressed sales in Frankfort in 2011 were foreclosures. What this tells me
is that homeowners still do NOT know what their options are in todays market and are opting to take a very
financially damaging path of the foreclosure when other options maybe available. Since Illinois is a
Judicial Foreclosure state in almost all cases the Short Sale option is a much better decision as it
reduces and potentially eliminates the financial damage and liability that occurs in a foreclosure if handled appropriately.
Learn all your options before you make a decision. Knowing these options can position you for a better financial future. Clink on the below link if you would like more specific information about Frankfort Short Sales and your options.
Frankfort Short Sale Options
If your looking for existing Frankfort Short Sales currently on the market for sale follow the below link. This will give you an exclusive list of all the available Frankfort Short Sales.
Frankfort Short Sales For Sale
Keller Williams Preferred Realty
Frankfort Short Sale Specialist
Keller Williams Preferred Realty16123 S. LaGrange Rd.Orland Park,IL60467
Contact The Author
Home Selling about 10 years ago
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