Foreclosures Halted!

Foreclosures halted!

Its over! For now. The big name banks have halted foreclosures coming on to the market for investigation. What to do now? Are all the steals gone for the time being? That was the first thought. Taking a second look, there are alternatives. Short sales!
Short sales used to be a nightmare. Everyones burden. Getting an offer. Getting rejected by the bank for that offer. Having to get another offer and all the while waiting and waiting for the banks long drawn out responses. Short sales were taking months and months to close, sometimes up to half a year. Agents were frustrated. Short sale approved. Customer moved on to something else. Thats the way it went.
Now is the new era of short sales...
These monsters have now been tamed. We can do these deals in as little as 30-45 days. Its not easy but we now have the ammunition to pull it off. For those of you who are not familiar with what a short sale exactly is, heres a little short sale 101..
Selling a home short, is the sale of your house in which the proceeds fall short of what you still owe on the mortgage.   Many lenders will agree to accept the proceeds of a short sale and forgive the rest of what is owed on the mortgage when an owner cannot make the mortgage payments. By accepting a short sale, the lender can avoid a lengthy and costly foreclosure, and the owner is able to pay off the loan for less than what he owes.
If you feel like you are in over your head and need a solution, a short sale might be the answer. An agent can help you through the hassle and anxiety. Get you back on track, and let your life be right again. Worry free.