It has been the “Year of the Short Sale” in 2010 with more and more homeowners choosing a short sale to avoid foreclosure. Recent projections suggest this trend will continue over the next 2 to 3 years as the numbers of mortgage defaults continues to rise.
Despite thousands of short sales closing each and every day, the short sale remains the most complicated, and often most confusing, real estate transaction for any homeowner. Many homeowners struggle to grasp the important aspects of the process that lead to a higher rate of short sale success.
One of the keys to a successful short sale is having a committed buyer in place.
This is important because many short sales fail to close because of buyer frustration with the time-consuming process. It isn’t difficult to see why. Typical retail buyers come in the form of families who need a home. Waiting 4 months or more for lender approval is not an option for many families. These delays leads many buyers towards other real estate options, such as REO, FSBO, and just a regular sale , that are much easier to close.
Many buyers fail to truly understand the steps and time involved in successfully closing a short sale. Therefore they tend to back out of the transaction before final lender approval. For the distressed homeowner, this buyer frustration often leads to foreclosure.
Are there other alternatives for the sellers? Yes! A short sale offer from an investor may be the help a seller needs.
A knowledgeable investor who understands and even expects the inevitable delays from lenders can be the solution for a homeowner. Unlike a family in need of a home, an investor can work with the long timeframe of closing the short sale. Having a committed investor involved is often the difference between short sale success and a foreclosure.
On this website, www.USshortsalebuyers.net, distressed homeowners will find a valuable and informative report on the key issues and questions regarding short sales in 2010.
The informative guide is available for free to any homeowner. To receive the report, simply visit the website and click on the “Free Report” link.
This guide offers an in depth look at how a short sale can benefit a homeowner. It includes a section on credit damage, examples of case studies, and a very helpful “Question and Answer” section for homeowners.
For immediate help, distressed homeowner are also strongly encouraged to use the “Contact Us” from on the website for any specific questions about completing a short sale and how an investor offer may help.
For Short Sale Help, please visit the website today for more information and your free guide on Short Sales.
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