It is simply a rhetorical question?
SO MUCH HYPE in the media today about foreclosures and "short sales"!! Sometimes it is hard to keep it all straight or even worse to help seller and buyers to get a grip on the reality of these types of sales.
I have had a house listed for several months. While I did know that the owner was struggling to keep up with the payments, I had no clue that he had STOPPED making Payments! This weekend, I finally got a willing buyer and presented the offer. I felt there was a small bit of negotiations that were going to take place and then we would consider it sold. But, when he got he offer, he said, "oh it is going into foreclosure!!" (what! Realtor left clueless again) He then explained that he had already talked to his bank about a SHORT SALE. Long story short, I got all the info from him and we are working on a short sale for his home.
Moral of the Story...When I was talking to another person about this, their reaction was that Short Sales are too good to be true . This person simply believes that Short Sales are really TALL TALES! That there is NO benefit to the seller and therefore should not take place.
I have seen short sales work for people. I know agents and other professionals that do nothing but short sale negotiations! But, still, we have a portion of the population that just does not want to accept that anyone can have their best interests at heart other than themselves!
THE key is having a REALTOR who knows and understands HOW a Short Sale works and What to do!
So.... SHORT SALE or TALL TALE ?????
What do you think are the REAL benefits to sellers?
M
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