Bellevue Short Sales: Why It Is Cheaper To Short Sale And Rent Versus Staying?

By
Real Estate Agent with Homes Northwest

Bellevue WA – Many people are shocked that it is often cheaper to short sale and rent that staying in your home with a loan modification.

They find it hard to believe that they can rent a comparable or even nicer home for less than their mortgage. Here are the two factors that make it possible.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Many homeowners bought homes for more than they are selling for today. A perfect example is a homeowner that paid $450,000 for a home. His mortgage payment was around $3,200 a month.

He stopped paying his payments and moved to a rental. He found a nicer, larger home to rent for $2450 a month. He had tried for months to convince his lender to modify his loan.

They wouldn’t drop the payments below $3,000 a month. Even though the home he is renting is nicer than his house, it is selling today for around $260,000. Click HERE to continue reading.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Washington King County Bellevue
Groups:
Short Sales Specialists
REO's & Short Sales
Short Sale
Tags:
cheaper than rent short sale
real estate market
avoid foreclosure
bellevue short sale
short sale specialist
paul nelson
negotiations
advice

Spam prevention

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

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

Rainer
58,725

Paul Nelson

Paul Nelson
Ask me a question
*
*
*
*