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Short Sales: Something to be “Thankful” For…

In this season of Thanksgiving, we’re mindful of our gratitude for family, friends, health.  It can be very difficult to feel grateful for anything when you are worried about losing your home to foreclosure and coping with financial pressures.  But now, you can actually be thankful for the option of short sales.  Yes thankful – for the chance to start fresh, and not lose your home.  Yes, thankful – for the opportunity for financial recovery and freedom to rebuild your life.

Let’s be honest here – the house you once thought of as a blessing is now a burden.  You know you cannot catch up with payments, you know that you owe more than the current value of the house.  You know that you could lose it all.  A short sale gives you an opportunity to get out from under, and get a fresh start.  Here’s why.

Facing pressure from regulators over having far too many foreclosed properties on their books, major banks are now more receptive to short sales than they were a few years ago.  The largest holder of foreclosed properties, Bank of America, recently announced a test program in Florida which promises incentive payments for relocation assistance if a successful short sale is initiated between September 26 and November 30 2011 and closes by August 31, 2012.

Instead of losing your home to foreclosure and possibly being responsible to the lender for additional legal costs, you have an opportunity to sell your house at a current market price which the lender will accept.  You don’t have a foreclosure on your credit record.  You don’t have anything negative showing.  This debt is settled.  True, you didn’t make any money when you sold your house – but you didn’t lose it to foreclosure.  You sold.  The lender accepted.  And your neighbors are probably happy that the house did not sit empty for months on end.

Because you sold and did not default on your mortgage, you have a better likelihood of moving into a quality rental, or qualifying for a mortgage on a new property within time.  You don’t look like someone who just let it go.  You also have better control over your financial future.

Regardless of incentives from the lender, the real incentive for the homeowner in a foreclosure is freedom.  You are free of the financial pressure of a house you can no longer afford.  You are free of the consequences of foreclosure.  You are in a solid position to get your finances in order, renew your goals, and live free of financial pressure that is not your fault.

Picture yourself next year in a new home, free of the worries you now have about losing your present house.  Picture yourself next year with your family, healthier, happier, and in control of your financial destiny.  A successful short sale can make that happen.

Freedom from foreclosure, from worry about losing your home. Now that is something to be truly thankful for.   That freedom comes from a successful short sale that you complete in cooperation with your lender – and from going forward!

Want to know how to get your short sale started?  Download our free short sale eBook and
you will get all the help  you need to get started and keep you going. Or call us today for a consultation – it’s always free and there is never any obligation. 888-746-7820.


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925 B Street Suite 102
San Diego, CA 92101

Phone: 1-888-746-7820
info@ShortSaleExpert.com