Short Sales and Foreclosures can be a minefield. Let us help you navigate a solution to move you forward. CALL TODAY!
On average, back in November 2010, 1 in every 267 Homes received a foreclosure filing. Today, the stats are better but in Georgia, 1 in every 3354 homes are in foreclosure.
During the recession, homeowners were running to the banks needing answers and asking for help to their problems. Loan modifications, being one of the options, may still be a disappointment to some struggling homeowner and statistics are showing the re-default rate on loans modified in the first quarter of 2013 was still 42.6% for homeowners who received a 20% or less reduction on their original payment according to the US Department of the Treasury. Homeowners have been stuck not only with the loss of their home, but with the pain of having a foreclosure looming on their credit for the next 7 to 10 years.
Realtors are stuck deciding whether they should embrace the short sale market and risk the time and effort it will take to complete a short sale or avoid short sales all together and potentially lose out on new business opportunities and new client relationships. Countywide Real Estate, Inc. has recognized this disturbing trend and has vowed to make an impact by providing a systematic and streamlined process to the short sale process – one of the foreclosure relief options available to consumers.