60 Minutes and The Housing Market – How Does Short Sales in Fit In?

Real Estate Agent with RE/MAX Action
IL – If you caught the show 60 Minutes on December 18th you may have been brought up to date with how dim the housing situation may be in many areas. It’s not so much that houses aren’t necessarily selling or that buyers aren’t looking; but instead they brought to our attention an alarming statistic. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Twenty-Five percent of American homeowners today owe more on their homes at this moment than their homes will ever be worth. To prove their point they went to Cleveland, Ohio and showed how many homes were literally being torn down because so many home owners literally have walked away from them completely and leaving them with the banks. They also showed some situations where the homeowners were a little more intense about the fact that they absolutely would do everything possible to not be one of those statistics. The reality was that one woman they showed owed over $100k on a home that was valued at $50k or less. The value of her home was quickly declining as more and more of her neighbors simply moved away from the places that had once been their dream homes. Sadly becoming a typical scenario more and more so throughout American, including , IL. These aren’t “slum areas” or low-income areas we are seeing declining. We are watching many high-end and middle-classed homeowners being faced with the situation of owing so much on their home it’s just seems more financially sound to give up and walk away. But there are other options and, if you are guided by the right Realtor, you can end up walking away without (A) damaging you neighborhood with abandoned homes which becomes a domino effect; (B) completely ruining your financial record; and (C) being able to hold your head high while “doing it the right way”. We are talking a Short Sale. But is a short sale something you should think about in the area and who do you turn to? The answer is yes, a short sale can work for you with the right guidance and we can help. Why should you turn to a realtor to help you in these times of need? The answer, quite simply, is that lenders tend to work better with an agent and an agent that specializes in short sales and foreclosures is like using the professional tools you need to get your car back on a road. Most people wouldn’t overhaul their own engine, even with a great “How To” book to guide you; so why would you attempt to negotiate with a lender who probably hasn’t been very cooperative with you up to this date as it is? Working with a professional, experienced agent can help you save your credit and keep your pride intact. Short sales can often be the best answer for many people who are simply too far behind and owing so much that it’s like digging a tunnel with a spoon. We’re here to help with making a decision on your , IL short sale. We can answer the questions you may have and guide you in the right directions with our many years of experience. It may be time to give us a call. Thinking about a short sale? I can help you short sale your property and get back on your feet. Send me an e-mail at dtoomey@remax.net< /a>. I will contact you for a free consultation. When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (847) 338-0180 Discover how other sellers successfully completed a short sale and request a free consultation by clicking here. Thinking about a loan modification? Our loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy. Thanks for reading this, Dennis Toomey. Dennis is a Real Estate Broker at RE/MAX Action. Short Sales Realtor: Phone: (847) 338-0180. dtoomey@remax.net< /a>. For Real Estate that's hassle free, just pick up the phone and leave it TOoMEy! View My homes for sale at [ yourwbsiteaddress]. Dennis Toomey specializes in loan modification assistance and short sales in Elgin Illinois. Elgin Loan Modification Help, Elgin Short Sales. Elgin Short Sale Realtor IL Short Sales. Realtor. Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved. Important Notice Dennis Toomey, RE/MAX Action, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why? Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit. However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification. We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale. The views expressed here are Dennis's personal views and do not reflect the views of RE/MAX Action. This information on 60 Minutes and The Housing Market – How Does Short Sales in Fit In? is provided as a courtesy to our viewers to help them make informed decisions.

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