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Rising Number of Short Sales

Helping make real estate dreams come true
 

Why is the number of short sales rising?
Due to the recent economic crisis, including rising unemployment, and drops in home prices in communities across the nation, the number of short sales is increasing. Since a short sale generally costs the lender less than a foreclosure, it can be a viable way for a lender to minimize its losses.
A short sale can also be the best option for a homeowners who are “upside down” on mortgages because a short sale may not hurt their credit history as much as a foreclosure. As a result, homeowners may qualify for another mortgage sooner once they get back on their feet financially.
Contact me at - 218-829-0339
or email: KLordbock@kw.com


Have you received a Notice of Default on your property?  What are your plans?  Do you plan to walk away or do you want to try a Short Sale which has much less damage to your credit and helps you save face? You need a plan of action and if you want to buy some time, stay in the home until it sells and save up some money - then contact:
 Kathleen Lordbock REALTOR/Staging & Short Sale Specialist 
Keller Williams Realty Brainerd Lakes
Don't just walk away - there is hope, there is help!
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