ShortSaleSafe.com Provides Expert Foreclosure Assistance 

ShortSaleSafe.com Provides Expert Foreclosure Assistance

by Jacob Bon Wednesday, December 22, 2010
Homeowners who are behind on their mortgages, have negative equity, or are at risk of going into foreclosure can now get help from Short Sale Safe, a website offering useful information and expert services on foreclosure prevention. The site, launched earlier this year, aims to help struggling borrowers learn about foreclosure alternatives, particularly short sales, and help them make better decisions about their financial future.

A short sale is a process involving the sale of a home for less than the balance owed on it. The lender accepts the discounted payoff and considers the mortgage fully paid, forgiving the rest of the balance. This allows the borrower to get rid of mortgage obligations, and the lender to avoid the lengthy foreclosure process which costs them more in time and money. The buyer, on the other hand, gets to buy a home at a significant price cut.

Short sales have been on the rise since the start of the year, as more homeowners fall into distress and find themselves with fewer and fewer options. As not everyone qualifies or completes other workout programs, such as loan modification, a short sale acts as a last resort to keep banks from foreclosing on the home. Part of Short Sale Safe’s goal is to guide homeowners through the process to make sure they come out with positive results.

Short Sale Safe offers in-depth guides to the short sale process, from qualifications and documentation to negotiating with lenders and closing the deal. It also explains the risks and benefits of a short sale compared to a foreclosure, and its effects on the borrower’s credit and tax obligations. There are also step-by-step guides for both short sale buyers and sellers, as well as tips on getting faster approval.

The site also offers professional short sale services for buyers and sellers. The Short Sale Safe team is made up of realtors, lawyers, and other real estate professionals, all of whom have specific experience in short sales and foreclosure prevention. They can help sellers get started on the selling process and improve their chances of approval, and help buyers find the right home and negotiate with lenders for the best purchase terms.

Realtors can also benefit from Short Sale Safe with its growing network of agents, who are working together to provide more complete services to borrowers. Thousands of realtors have already joined in and gotten in touch with more and more clients, while borrowers have a larger team of professionals ready to serve them. Whether you’re buying or selling a home, or representing a buyer or seller, ShortSaleSafe.com is a good place to start.

I am a short sale professional & have a good amount of knowledge in real estate industry. I love to be involved in healthy discussions related to real estate

0    submitted by Jacob Bon
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