The Short Sale Challenge ...Just Became Easier!
Short sale scenarios have become quite common today, but successful negotiations to close them have not. In fact, only 20% of the short sales submitted to lenders for approval actually close, while those submitted by a Realtor holding the Certified Property Distress Expert (CDPE) designation close over 80% of the time!
Short sale transactions are time consuming and challenging. They require extensive up-front preparation with the seller, piles of paperwork, detailed analysis, diligent follow-up and effective negotiation. When successful, the rewards are huge – to the seller, the buyer and the lender!
Wagner Realty is committed to assist buyers and sellers in this difficult economic time by adding a full-time CDPE to our staff to assist our agents with Short Sale and Foreclosure transactions.
Sellers, Don’t let your home slip into foreclosure
It’s estimated by the US Government that by year’s end 2010, over 50% of homeowners have a mortgage on their home will owe more than the value of that home. While loan modifications can offer short term solutions, unfortunately nearly all of these homeowners will be unable to qualify for any debt forgiveness.
Click HERE to watch a short video on SHORT SALES.