The number of homeowners who are behind on their mortgage payments, today, is staggering. To those homeowners, what’s even more staggering is trying to figure out what to do and what their options are. Many homeowners across the country, who were facing this exact predicament, have decided that their best option was to “Short Sell” their property. When executed properly, by a trained professional, a “Short Sale” may make it possible for you to own another home, in the future, much sooner than if you were to lose your property to foreclosure.
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Short Sales are the “norm” in today’s Real Estate market. Unfortunately, many agents are taking them on without really understanding what to do with them and without ever having received proper education about how to successfully navigate the Short Sale process.
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Some of the toughest questions facing homeowners who are delinquent on their mortgage payments is “when should I do something?” and “what are my options?”. Look no further, we are here to help! If you are two payments (or more) behind on your first or second mortgage, the time to act is NOW. Contact a CDPE (Certified Distressed Property Expert) in your market and schedule a free, private consultation TODAY! I include the following statement(s) as a sort-of disclosure: be prepared to answer some tough, personal questions, and answer them honestly. Your agent is going to have to get down to the bare bones of your situation in order to best advise you of your options as well as to help identify which option is best for you. You should also be prepared to hear some honest answers. This is no time for sugar coating things or telling half-truths. Tough questions need to be asked and tough questions need to be answered in order to do what is best for you.
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Keep in mind that the market is what the market is. We don’t control it. All we can do is try to read it and give you the best advice on what your home will sell for today. You may not like what we have to say, but it is reality. We can’t change it overnight, but we are working to improve the market one successful transaction at a time. Get your property listed as soon as possible, even if it is listed as a Short Sale. The long term damage to your credit report is far greater with a foreclosure than it is with a Short Sale.
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When you are ready to put your house on the market, make SURE that you hire an agent with some credentials who is experienced in working with Short Sales. Once listed, your Realtor will take over the responsibility (and frustration) of negotiating with the bank on your behalf. There are a number of Short Sale designations. We, at The Driver Team, are CDPE (Certified Distressed Property Expert) agents. My husband Bob and I were the first agents in Memphis to receive the CDPE designation, in 2008. Since then we have helped hundreds of distressed homeowners through successful “Short Sales” thus allowing them to move on with their lives and start rebuilding both their lives and credit. We attend annual CDPE seminars and participate in monthly conference calls with agents from all over the US in order to stay up to date with the ever-changing market. If you are behind on your mortgage payments, time is of the essence. You simply cannot afford to wait until tomorrow to ask for help. We can help, we are willing to help, and we want to help, YOU.
