If your home is in Default..

My husband Kris and I specialize in listing Short Sales. We also work with buyers regularly and would like to share some very valuable information to anyone that may be facing loosing their home. We have been calling on countless listings that are either in default or very close to receiving an NOD. This is not surprising, the horrifying reality is that more than 25% of these homes are NOT listed as a short sale and will be lost to foreclosure! It’s unbelievable the response we get when we call on a home in this situation. One agent told us last week that she was “trying to avoid a short sale”. Well, the home was in default, and priced nearly $300,000 over any comps for the area. These poor sellers are counting on their agent to help them get out of this upside down properties. As licensed real estate agents we have an obligation to our clients. We must help the seller understand the long term affects of a foreclosure. If you’re reading this and you’re an agent with no interest in working a Short Sales, please let your seller know this. A Short Sale is not an easy task, but if it’s done correctly the seller and the new buyer will walk away feeling good about the transaction. One of the great things about a Short Sale for the seller is that the bank pays all of the real estate agents commissions. For a list of most asked questions and answers regarding Short Sales visit our website @ kandkdarny.com

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