By: Robert Harris
I Had coffee with an experienced realtor last week. (At my favorite coffee bar Insomnia Coffee in Hillsboro Oregon) We talked about the housing market (pretty good for homes under $275,000, but not so good for those more luxurious homes), foreclosures and short sales.
After our meeting he gave me what I think is some concise, valuable literature on short sales and foreclosures. If you're a homeowner, and in a situation where a short sale or foreclosure appears to be an option, you'll want to read these.
And, if you're looking to buy a short sale property, this information will educate you to the process and the hurdles that you may face.
The bottom line is...Short sales aren't as difficult as some people make them sound, but they can require patience; Not everyone is going to qualify for a short sale; And you need to be aware of the costs and benefits of a foreclosure versus a short sale.
All these files are pdf format.
Download: 3 Must Have Qualifications for Short Sale: Obviously for owners, if you can't qualify for a short sale, you shouldn't waste your time.
Download: 7 Most Dangerous Short Sale Myths: With so much incorrect information out there, its important to get the facts straight.
Download: Foreclosure v. Short Sale: Homeowners, read this one through carefully, its a chart of the costs and benefits of short sales and foreclosures.
If you're a homeowner cho can't afford the current mortgage, or a buyer looking for a deal. Don't be afraid of perusing a short sale, just be aware of the process, and the negatives and positives involved.
If you need help with a real estate matter, or are having challenges handling your debts, you can visit our website for more information about our attorneys.
Rob Harris
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