SHORT SALES AND FORECLOSURES 

 

Foreclosures and short sales have, sadly, become common place in today's real estate market.  Unfortunately, many distressed homeowners have found themselves at risk of losing their home for a variety off reasons including:

  • Job Loss
  • Business failure
  • Payment increase or mortgage rate adjustment
  • Divorce or death of spouse
  • Illness
  • Relocation
  • Reduced income
  • Mortgage fraud
  • Predatory lending

The consequences of foreclosure are severe for the distressed homeowner, neighboring homeowners and the surrounding community.  Distressed homeowners often have viable options to avoid foreclosure if they take immediate action.  Options often include:

  • Refinance
  • Sell and bring cash to closing
  • Lender work-out
  • Short sale
  • Deed in lieu of foreclosure

Reaching out for assistance is often difficult for distressed homeowners.  Homeowners must be wary of unscrupulous criminals that prey on vulnerable homeowners.  Expensive legal representation is often not an option under the circumstances.  Fortunately, there are excellent sources for credible homeowner's assistance such as:

 Knowledgeable, licensed real estate professionals are actively providing assistance to distressed home sellers as well as buyers and investors interested in purchasing a short sale or foreclosure property.  If it is determined that the sale of the property is inevitable the property will be sold either as a short sale or a foreclosure/REO sale.  Short sales are complicated, challenging transactions that require specific expertise.  However, if executed properly a short sale can help contain the damage of a foreclosure.

 

A distressed sale ( short sale or REO ) requires professional expertise.  As a certified SFR ( short sale foreclosure resource ) agent I have the knowledge, resources and expertise to help sellers and buyers successfully navigate this challenging market.  Contact me today for a confidential consultation to discuss your specific real estate situation and goals.

 

CONTACT TOM GROSS TODAY TO RECEIVE THE LATEST REAL ESTATE FORECLOSURE LIST FOR THE DENVER METRO AREA