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Short Sales are helping the values in our
neighborhoods.
Yes, as crazy as it sounds Short Sales actually help to stabilize the prices in
a neighborhood. Short Sales tend to sell closer to market value versus a foreclosures.
Short-sale homes often remain occupied until sold. This tends to retain
values better than those that go through foreclosure. That helps values of neighboring
homes.
In the second quarter, short-sale homes sold at a 21% discount to
non-foreclosure homes, while bank-owned homes went at a 40% discount, as reported by RealtyTrac. Borrowers may
qualify for new mortgages sooner after a short sale than after a foreclosure.
Banks have found that it costs them less to work with the homeowners on a Short
rather than taking the home back as a foreclosure. "Short sales are a very positive solution," says Bank of
America Vice President Dave Sunlin.
Do you know someone that needs help with
a Short Sale in Utah?
If you know someone who owes more on their home than what it is worth and can no
longer afford the mortgage payments, please let them know I can help. Having the right person navigate a distressed
homeowner through the short sale process in order to avoid foreclosure is key to completing a successful
transaction. Linda Bills is a CDPE Certified Distressed Property Expert
Visit our website at www.ShortSaleUT.com for free information and reports.
Or call us for a free confidential consultation.
Linda Bills
801-347-3384
| Discounts available for the Military - Utah Military Relocation |
Military Relocation Utah Short Sale Help |
Short Sales in Utah | Avoid Foreclosure | Foreclosure Help | Preforeclosure
Assistance Salt Lake City Real Estate | Salt Lake City Homes for Sale | Home Solutions In
Utah
Equity Real Estate, LLC Each Office is
Independently Owned and Operated 7090 Union Park Avenue, Midvale, UT
84047| 801-347-3384 | FAX 801-303-9176
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