It’s time to take another look at short sales

As recently as a few months ago, if you would have told a
real estate agent who specialized in short sales that they’d be raving about a lender’s
stellar service and rapid approval times—not to mention significant cash
incentives for financially strapped homeowners for pursuing a short sale—you’d
have gotten some strange looks.

That’s all changed.
And it’s changed faster and to a greater extent than most real estate
professionals ever could have imagined.

With a glut of bank-owned properties dragging down the
recovery of the real estate market, as well as the national economy, major
lenders are more eager than ever before to avoid foreclosure. So they’ve
sharpened their focus on short sales. Big time.

The biggest lenders in the country have staffed up to ensure
rapid processing of short sale applications. They’ve ponied up with cash
incentives at closing for homeowners who pursue a short sale. And they’re
proactively reaching out to CDPE agents and putting them in touch with
delinquent borrowers.

This is big news and the media has not really caught onto it
yet. What’s important for you to know is that whatever you’ve read or heard in
the past about long lag times and frustrations with short sales is probably no
longer the case.

As a member of the CDPEAdvanced
community, I’m tapped into major lenders and on top of major developments
affecting short sales and bank-owned properties.  I invite you to visit my website www.catherinehelpshomeowners.com
to learn more and feel free to contact me any time at 858-531-5268 or Catherine.valentine@coldwellbanker.com
if you or anyone you know is struggling with an unmanageable mortgage.

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About catherinetalksrealestate

I am a San Diego native who loves everything about San Diego. I enjoy camping, hiking and reading. I am a licensed real estate agent in San Diego working with Coldwell Banker.
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