Right Time For a Short Sale to Avoid Foreclosure
It is hard to digest the fact of facing a foreclosure for your dream home. It is important to analyze the facts and alternative solutions when facing with a foreclosure. A short sell can be the right answer and a best solution. Selling a home yourself or through a Realtor will allow to have the remaining profits in your hand. Lenders are even ready to give extra time if the sale is under the way. It will not hurt the borrowers to have a genuine conversation with the lender to seek extra time until the sale closes.
A short sale is accepted by the lender for a lesser pay than owed. This is generally approved when the property value is decreased and the money owed is greater than the existing market value. Under these circumstances, most lenders will accept for a short sale because they have understood that short sale is better than foreclosure. The borrower must approach in the proper way for the lenders to nod their head for the deal. They might want to take:
Watch Kevin and Fred, Short Sale Specialists, on the Short Sale Power Hour. Video for Short Sale Specialists.


Fred Weaver is a founding co-owner of Group 46:10. He has been working in the financing/real estate business for over 7 years. Fred began his real estate career by working for a large wholesale bank as a processor and rate/lock specialist for home mortgages. After 2 years in the business, Fred transferred from the banking side of home loans to the mortgage side. While on the mortgage side of financing, Fred gained experience originating mortgages and processing files for Morgan Capital of Arizona, Inc.
Kevin is a founding co-owner of Group 46:10. He began working in the real estate business in 2007 after spending 8 years working in the finance industry for companies such as Bank One, Green Tree Financial, & GE Capital.