David Balfour

Making Sense of Short Sales

In a short sale, sellers who owe more on their home than its current market value, work with a real estate agent who finds a buyer and then negotiatees with the lender to accept a loan payoff that is less that the amount owed. A short sale is one of many options available for financially distressed homeowners.

 If you are experiencing financial challenges that have made your mortgage payment unmanagable, you may well be surprised at how much help is available. The kind of help depends on a number of factors depending on your lender, the amount owed on your mortgage, your current payment status and a range of other factors.

The most important fact for financially distressed homeowners to keep in mind: the sooner help is sought, the better.Take Action NOW! Once homeowners find themselves on what feels like an inevitable path towards foreclosure, they often become frozen in action.

The situation is complicated; the stakes are high, and it's why you need an advocate who is knowledgeable and adept at navigating among solutions that will lead to a fresh start. Contact me today and let's get started!

Real estate agents who have achieved the Certified Distressed Property Expert (CDPE) designation have proactively sought the best expertise and insights within the distressed properties area.

They are required to complete intensive training curriculum, and remain on top of constantly evolving developments. CDPE agents close four times as many transactions every year as the average agent, and as such, can be counted on to negotiate the best foreclosure-avoidance options for their clients with unsurpassed expertise, efficiency and ethics.