Saving Neighborhoods by Avoiding Foreclosure.
The Art of Selling
November 8th, 2008
Losing a home through foreclosure is a personal tragedy with neighborhood and community consequences. The emotional impact of being evicted from your home so publicly is bad enough but the realization that your loss will have severe negative consequences for your friends and neighbors can be overwhelming. Friends next door, who you may have shared a weekend BBQ or even just a daily hello watch on helplessly while the neighborhood slowly changes for reasons beyond their control.
By now most people have seen the homes with the dead lawns and look of obvious abandonment throughout town. Notices tacked on the door or pasted in windows reinforcing the fact that these homes sit vacant as a result of foreclosure.
If you are unable to make arrangements with your lender to work out an agreement that allows you to stay in your home a short sale may be your best option. Not only will a successful short sale lessen the financial impact of a home loss it will also enable you to avoid the most devastating emotional consequences of this unfortunate event.
Homes being sold as short sales look no different then any other home for sale on the market. You live in and maintain the home just as any seller would. A successful short sale does require some specific expertise by the agents involved and there are a number of steps involved in the short sale process that are critical.
A successful short sale is certainly no ones idea of a happy ending and working hard to keep owners in their homes should be the objective of everyone serving in the real estate industry. However, if you find yourself in a situation that can’t be resolved in a way that saves your home you may be able to lessen the impact on your neighborhood. Contact Us for more details.
