A recent article By Stephanie Armour of USA TODAY sheds some light on potential frustrations homeowners can face when attempting to short sell their home.
http://www.usatoday.com/money/economy/housing/2009-08-04-short-sales-mortgages_N.htm
Don't Let Potential Buyers Walk Away!
The article explains "many homeowners are watching potential buyers walk away as months pass while they deal with lenders' lengthy delays, lost documents and unreturned calls". This is an unfortunate, but true circumstance in many cases. Dealing with your bank or lendor can be a lenghty and frustrating process.
Just 23% of short-sale offers Actually Result In A Close
Just 23% of short-sale offers that homeowners receive from potential buyers actually close, according to a February study of 1,300 real estate agents by Campbell Communications. More than 90% of agents cited a slow response from the lender as the reason short sales were lost.
This is a great article that really sheds new light on the process of short selling your home. You don't have to do it alone - let Minnesota Short Sale Help...help! Our CDPE Certified team can bring your home to market and expedite negotiations with your bank or lendor. Visit our website at MinnesotaShortSaleHelp.com for more about short sales, foreclosure avoidance and short selling help.
Wednesday, August 19, 2009
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