Landon Huffer- Texarkana Real Estate Broker

Short Sale | April 15, 2010

One thing I have noticed since the downturn in the economy is that short sales are picking up.  I have handled multiple short sale closings and it is becoming more and more popular.

Short sales are a great option when you are faced with foreclosure.  A short sale is when your lender accepts less than is owed for the home. 

Unfortunately a lot of home owners do not know a short sale is an option.  Most of the struggling home owners I talk to have never even heard the term short sale.

If you are struggling today I recommend you consider accepting a short sale instead of going into foreclosure.

The benefits of a short sale over foreclosure is that you can buy a home again in about half the time as you could going through a foreclosure, the lender (in most cases) will forgive the shortage amount, and it will affect your credit score less and will allow you to use your credit for other reasons.

Landon Huffer
Texarkana Real Estate
www.txkbroker.com

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Posted in Real Estate

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About author

I am a young, eager, and aggressive Real Estate Broker with Schimming Company Commercial Real Estate.

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