Litchfield Park and Goodyear Homeowners: Lenders Primed for Short Sales in 2011
Short sales are a terrific option for Litchfield Park and Goodyear homeowners struggling with unaffordable mortgage payments. In fact, lenders' losses due to foreclosure are projected to increase at record rates in 2011, giving them more reason to pursue short sales. Lenders are projected to incur losses as severe as 85 percent in foreclosure! Meaning, after deducting the expense of the foreclosure process on a $100,000 loan, they may only get back $15,000!
It's common sense that lenders will be looking toward the short sale solution. Even though they are accepting less than is owed on the property, they lose far less than in a foreclosure sale. In fact, in the Litchfield Park and Goodyear area, short sale transactions have increased significantly.
It may be a surprise to many homeowners that lenders actually want to work out a solutions that benefits all parties. Oftentimes, the lender is seen as the villain in the situation. I've found that the lenders want to avoid foreclosure just as much as homeowners.
As a CDPE Realtor, I am specifically trained to help homeowners avoid the emotional stronghold of foreclosure and work with the lenders to find a suitable solution. Learn more about your alternatives to foreclosure in the free report located on our website:
www.WestValleyShortSales.co
Stop struggling with the anxiety of your situation. Getting started today will give you more time to execute proven strategies for a greater hold on hope for the future.
Good luck and make it a GREAT 2011!!
If you or someone you know is feeling the financial pinch of today's economy, let me help relieve your mortgage payment pressure by educating you about your foreclosure alternatives. The time is now to escape the grip of foreclosure and take control of your financial future. Don't hesitate to check out our website for the FREE resources at:
www.WestValleyShortSales.co.
You will find valuable information regarding foreclosure, strategic foreclosure, loan modification, short sales and more that can help you make the right choice.
The West Valley Home Team at Welcome Home Realty specializes in real estate in Phoenix's West Valley, including Litchfield Park, Goodyear, Avondale, and Buckeye. If you would like a free confidential consultation please call 623-252-9350.
