Distressed Property, or Homeowners late on their house payments, reached 6.7 million in 2008. To bring it into prospective, the total sales for homes through 2008 will be about 4.9 million through Realtors. That is a staggering number.

75% of Foreclosures happen without Homeowners ever seeking professional help. In a lot of the cases, equity is lost, and in all the cases credit is negatively affected. That does not have to happen. Selling the property at a loss with the bank taking less than what is owed can help. It helps both the Bank and th Homeowner. 

• The bank is in the business of lending money, not selling Real Estate. They do not want your home back. At the present time they have more than they can deal with.  
• Short Sales minimize the impact on credit, help save security clearances, lessen the impact on employment records, shorten the time to rebound credit scores to name a few.

If you are facing challenging times and are overwhelmed with your home payment, you're not alone. There are 6.7 million other homeowners out there in the same situation.  

If you would like to know your options with a confidential professional informal meeting at no cost…  please call.  I know I can help.  If you do decide to look further into what options you have, please talk to a professional that has been trained in Distressed Property procedures. The process is not like the traditional way we have conducted Real Estate sales in the past. Do’s and Don’ts of Foreclosures

Jim