Market Watch: Short Sales Rising

The number of Short Sales flooding the U.S. real estate market has drastically increased in the past several years – and will continue to rise, according to reports from Equator Financial Solutions and Campbell Communications. In Livingston County, Distressed Properties (Foreclosues and Short Sales) recently have accounted for about 60% of the total sales.

More people are avoiding foreclosure," says RE/MAX Chairman and Co-Founder Dave Liniger (ABR, CDPE, CRB). "Short Sales are infinitely more complex and time-consuming transactions, so agents need to be educated on how to assist homeowners in this situation. We'll see an even greater influx of Short Sales flood the market as people take advantage of the government's Home Affordable Foreclosure Alternatives (HAFA) program."

The HAFA program, which streamlines the Short Sale process, was created to help both homeowners and banks avoid foreclosure, through the use of Short Sales or a deed-in-lieu of foreclosure when homeowners don’t qualify for or maintain a loan modification.

The property must be listed with a licensed real estate professional who does regular business in the community where the property is located.

RE/MAX Platinum has a  department specifically dedicated to handle Short Sales. I am experienced and certified as a Foreclosure and Short Sales Resource. Contact me for more information and how I can help you avoid FORECLOSURE...!
 

www.MichaelJurca.com
www.MikeJurca.com