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For Pre-Foreclosure or Short Sale information
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Short Sale

 

 

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Short Sale

 

 


 

Short Sale or Pre-Foreclosure?

 

Today's real estate market is very different than of recent years.  The two prevalent for sale homes is the bank-owned REO and the Short Sale.

Short sales allow the distressed homeowner to repay the mortgage at the price that the home sells for, even if it is lower than what is owed on the property. With plummeting property values, this can save many people from foreclosure and even bankruptcy. More and more lenders are willing to consider short sales because they are much less costly than foreclosures.

 Today, more than 13 percent of homeowners are delinquent on their mortgage or in the foreclosure process. This is occurring across all price ranges, and the fastest-growing category of homes in foreclosure is the luxury home market.

"Realtors that hold the CDPE designation has been invaluable to work with homeowners and lenders on complicated short sales,” said Daniel Akulow, Realtor-Broker of Access Real Estate. “It is so rewarding to be able to help families save their homes from foreclosure.”

Alex Charfen, co-founder and CEO of the Distressed Property Institute in Austin, Texas, said that agents who have attained the CDPE Designation have valuable perspective on the market, and training in short sales that can offer homeowners real alternatives to foreclosure, which can be devastating to credit ratings.

“These experts better understand market conditions than the average agent, and can help sellers through the complications of foreclosure avoidance,” he said.

 

Contact an Access Real Estate Professional Today for a Consultation!

 

 


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