Feeling Financially Squeezed?

Lenders Primed for Short Sales in 2011

Short sales are another option for homeowners struggling with unaffordable mortgage payments. In fact, lenders’ losses due to foreclosure are projected to increase at record rates in 2011, giving them more reason to pursue short sales. Today’s article in the Star Tribune noted that a record number of preforeclosure notices were sent out in 2010, setting us up for another year with a significant number of homeowners battling foreclosure.  It’s common sense that lenders will be looking toward the short sale solution. Even though they are accepting less than is owed on the property, they lose far less than in a foreclosure sale. 
It may be a surprise to many that lenders actually want to work out a solution that benefits all parties. Oftentimes, the lender is seen as the villain in the situation. I’ve found that the lenders want to avoid foreclosure just as much as homeowners.   Homeowers that are feeling financially squeezed can find free information on short sales at www.AllForeclosureAnswers.com You will find a  downloadable report that talks more about working with your lender, and details all the foreclosure alternatives available to you.
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About Jon Perkins

Jon is the Lead agent for the Perkins Team with RE/MAX Results. Jon has been selling homes accross the Twin Cities since 1985. Jon works with his wife Mary Beth and his team of real estate professionals to provide the highest level of service available in the real estate industry.

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