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Blog Entry 9 of 12 What's Going On In This Crazy Real Estate Market

NOTHING EVER STAYS THE SAME..So Goes The REAL ESTATE MARKET. As a Certified General Real Estate Appraiser and Real Estate Broker, I have lived in this commuity for 43 years and worked in Real Estate for the past 38 of them. Having worked with banks, mortgage companies,CPA's, Lawyers, Buyers, Sellers and Investors who hire me as a FEE Appraiser to value the property and as a Broker to negotiate the Real Estate transaction. Call me if you have appraisal or real estate questions. 805-582-1150 or email judyaronsonrealtor@yahoo.com.or visit www.CaresUnlimited.com.

Blog Url: http://vc.yourhub.com/~RealtorJudyJudy

HOME Short Sales an Alternative to Foreclosure

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Contributed by: Judy Aronson on 1/2/2008

A growing number of lenders are approving short sales as an alternative to foreclosure. The average cost of foreclosing on a property for a lender can be $50,000 to $60,000.

The move is a way for lenders to avoid having to take over and manage property.

The way banks see it, it's better than if the house goes into foreclosure, stands vacant, and then have the value decline before it's auctioned on the courthouse steps.

Short sales may also be easier on the homeowners credit than the foreclosure process and can allow them to remain in their home longer. The process can take awhile especially if there is a first and second lender on the property.

If you owe more than your property is worth and can't afford the payments give me a call if you need more information on the process 805-582-1150 or email judyaronsonrealtor@yahoo.com

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