Considering a short sale on your home? Please read the following and be informed about what might be available to you as a distressed homeowner:
Distressed properties are accounting for 30 percent of existing home sales. Banks are looking at offering more incentives to short sales since their losses tend to be far less than a foreclosure. For example, foreclosure properties tend to sell for 40 percent below non-comparable non-distressed properties while short sales tend to sell for 20 percent less.
In the “Cash for Keys” program, homeowners who are facing foreclosure are typically offered $500 to $2,500 if they agree to move out within 30 days (and leave the place clean, too). The program frees
homeowners from their obligations while getting a little extra money for moving expenses and avoiding a ruined credit profile from a foreclosure.
The “Cash for Keys” program is expected to become more mainstream for handling short sales too, not just foreclosures.
Source: “Real Estate Agents Learning Fine Art of ‘Cash for Keys,’” MSNBC.com (Oct. 21, 2011)
Rhonda Buckner is a certified short sale specialist and has expert knowledge that helps handle distressed property – to aid buyers and sellers through the short sale and foreclosure process. For more information on this please give Rhonda a call at 352-266-2637.
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hi rhonda am see you have removed your sign from 2001 se 40 st ocala is this still one of your listing? 352 4335462
Owner is letting it get foreclosed on