Why do a Short Sale??
For the Seller, a Short Sale is all about saving their credit while getting out from under their mortgage. The seller will lose only about 50 points on their FICO score with a Short Sale versus about 200 points with a bank foreclosure. And with a successful short sale, the people may be able to buy again in just two years, versus about seven years with a foreclosure.
Short Sales were not very successful initially, because some banks would not cooperate on short sales. Changes in the government programs relating to short sales have changed this picture. Short Sales are becoming a bigger part of the real estate market.
The new Short Sale approach requires substantial training by the Realtor. Jack Eckhardt, a Keller Williams Broker, has obtained two designations aimed at working successfully with the banks. Short Sale and Foreclosure buyers appreciate the value of the SFR designation. This Short Sale and Foreclosure Resource training aids the Realtor in determining the best approach for sellers. If loan modification does not work, a Short Sale may be the answer. The CDPE designation--Certified Distressed Property Expert, is training on how the banks want to handle short sales. A real estate agent must re-learn how to do real estate the bank’s way in order to have a successful and timely short sale.
A person certified as a CDPE-Certified Distressed Property Expert, receives extensive
training which allows the Realtor to present a detailed package of information to the banks, in order to make the application for a Short Sale easier for the seller.
What is a CDPE?
A Certified Distressed Property Expert is a Realtor trained in foreclosure avoidance options for homeowners. A properly executed Short Sale may help solve your financial problems. If you have a financial hardship, or an income change that has left you with "more month than your money", I may be able to help you. See if you qualify to get out from under your mortgage and move on with your life.
All kinds of foreclosure help offers are being made these days. Be cautious. The homeowner should never pay any fees in advance. Good professionals trained in Short selling properties and negotiating with banks should be paid for their work, but not until there are results. When a Short Sale is properly done, the bank pays the Realtor´s commission and other costs. Short sales can occur in all price ranges.
A CDPE may be able to stall a foreclosure to allow time for a pre-foreclosure sale.
Call me to learn more about your options.
Jack
Jack Eckhardt, Broker
ePRO, ABR, CPV, CDPE
Keller Williams Realty
541-840-5335
www.MedfordRealEstate.Net