Columbus OH – First, it benefits the owner of
the loan. The owner can be the bank or a third party such as Fannie Mae or
Freddie Mac. They are Quasi-Governmental Entities.
The American Taxpayer has bailed them out to the tune of hundreds of millions
of dollars and will continue to bail them out for any future losses.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
These two entities own about 55-60% of all American Mortgages. So,
it is very likely that a short sale benefits not just them, but also every
single American Taxpayer.
Two other entities insure another 10-20% of all American Mortgages. Those two
entities are FHA and the VA Loan Program. All veterans benefit from a short
sale of a VA Loan because it helps reduce losses on the VA Loan Program.
Up until recently many experts speculated that the FHA Loan Program would need
a bailout. Fortunately, the program's finances have improved and it looks like
it will no longer need a bailout.
But, every short sale that helps the program reduce its losses helps it move
further away from a bailout.
I am sure you are asking, "Why does a short sale help a bank
reduce its losses compared to a foreclosure?"
The reason is because they get to sell the house at today's price, versus what
it will be worth 6-12 months down the road. I just did a comparison and pulled
up sold listings.
All of the listings were of similar properties in similar neighborhoods. First,
I looked up the average selling price per SQFT of homes that sold in Spring.
They sold for an average of $103 a SQFT.
Then, I pulled up homes in the same neighborhoods that sold as REOs in the last
2 months. They are sold for an average of $85 a SQFT. These homes average 1,700
a SQFT. That means a 1,700 REO sold for $30,600 less.
Ouch!
The other person that's getting value is the buyer. They get a better deal in
today's market than buying a home from someone who is trying to squeeze out
every penny.
You, the seller also benefit. You will be eligible
to buy another home in 24 months. You have a better chance of getting a job,
because many employers check that nowadays.
A short sale is a win - win for everyone involved. Thinking about a short sale?
I can help you short sale your property and get back on your feet. Send me an
e-mail at robin.lemmons@kingthompson.com.
I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any
questions you may have. Or, if you prefer, you can call me at 614-741-2495.
Discover how other sellers successfully completed a short sale and request a
free consultation by clicking
here. http://columbusohshortsaleadvisors.com/
Thinking about a loan modification? Our Columbus loan modification kit has the
instructions you will need to get a loan modification approved with your bank.
Click
here to request a copy. http://columbusohshortsaleadvisors.com/
Thanks for reading this, Robin Lemmons.
Rick & Robin Lemmons is a Real Estate Team at Coldwell Banker King Thompson.
Phone: 614-741-2495
Email: robin.lemmons@kingthompson.com
A Zest For The Best
View My homes for sale at www.rickandrobin.com.
Columbus Loan Modification Help, Columbus Short
Sales, Columbus Short Sale Realtor. Columbus Short Sale Realtor. Columbus OH
Short Sales. Columbus Realtor. Columbus OH Short Sales. Columbus Realtor.
Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.
Important
Notice
Rick & Robin Lemmons, Coldwell Banker King Thompson, and the Stop Foreclosure
Institute are not affiliated in any way, shape, or form with the government.
Our services have not been reviewed or endorsed by the government or your lender.
Most lenders willingly work with agents on short sales. Why?
Because most short sales are beneficial to a lender. If you accept our offer to
help you on a short sale, your lender may not agree to a short sale or to
modify your loan. We do offer a loan modification kit.
However, the likelihood of negotiating a modification is like everything else
in life. It takes work and persistence to convince your lender to modify your
loan. No matter what you or we do, your lender may not approve a loan
modification.
We do not recommend that you stop paying your mortgage, because this will cause
damage to your credit and could cause you to lose your home. Because we know
avoiding foreclosure is so important to any homeowner, we recommend that you
speak with the appropriate legal or tax advisor before making any decision.
This is not intended as legal, technical, or tax advice. Please speak with a
licensed professional before making any decision. Information is deemed
reliable but not guaranteed as of the date of writing.
You have the option to reject a short sale or loan modification from your
lender if it does not meet your approval. If you decide not to go thru with the
short sale, then you do not have to pay us our fee. We normally make a real
estate sales commission for helping you on a short sale.
The views expressed here are Robin's personal views and do not reflect the
views of Coldwell Banker King Thompson.
This information on A List Of Everyone Who Benefits From A Columbus Short Sale
is provided as a courtesy to our viewers to help them make informed decisions.
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