Why do a Short Sale??
Short Sales are becoming a big part of the real estate market.
For the Sellers, a Short Sale is all about saving their credit while getting out from under their mortgage debt. Typically, the sellers will lose only about 50 points on their FICO credit 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. Now, government programs are paying the banks to take the loss and do a Short Sale.
The new Short Sale approach requires substantial training by the Realtor. Jack Eckhardt, a Keller Williams Realty Broker, has obtained two designations aimed at working successfully with the banks. The Short Sale and Foreclosure training (SFR) helps the Realtor in determining the best approach for sellers. A loan modification will usually not work for situations of unemployment, divorce or overwhelming debt. Then a Short Sale may be the answer.
A Realtor with the CDPE designation--Certified Distressed Property Expert, has received extensive 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.
Many people are now able to eliminate their large mortgage debt with only a minor setback on their credit.
Call me for an analysis of your situation.
Jack
Jack Eckhardt, Broker
Licensed in the Great State of Oregon
ePRO, CPV, CDPE, SFR
Keller Williams Realty 
541-840-5335
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
Licensed in the Great State of Oregon
ePRO, CPV, CDPE
Keller Williams Realty
541-840-5335
www.MedfordRealEstate.Net