Most of us remember a time in the not too distant past when we'd never heard of the term, "short sale." Now, it's a familar phrase spoken on the news and mentioned so frequently that even the most out-of-touch American has received at least a basic education in the short sale process.
Even if we have not had a personal financial crisis, almost all of us know a friend or family member who has experienced some form of financial distress in the last few years. If you have fallen on hard times, remind yourself that you're not alone.
In fact, according to a recent report published by DS News, almost half of all home sale activity last month involved distressed properties. Short sales are up while foreclosures are declining. Why?
Well, everyone has their own theories. I would supsect that as homeowners take the time to educate themselves on the differences between a short sale and a foreclosure, most people are wisely choosing a short sale.
Growing up, my mom would chime the time-honored phrase, "Lisa, if you don't make a decision, then you ARE making a decision." The truth is, that advice hits the target when it comes to a foreclosure verses a short sale. Be proactive. Take the time to read all the valuable information on this site, and arm yourself with the latest information on the short sale process.
Lastly, feel free to contact me. I'm here to help. If you would like to know the ramifications of a short sale verses a foreclosure, just email me at lisa@sparksteam.com for your free report.
Always, you have a choice. By being proactive, when it is far easier to wait and see how the mortgage drama will play out, empowers you.
Your future is in your hands.
Lisa M. Sparks
Comey & Shepherd
(513) 252-3483
www.sparksteam.com