Short Sales is our foreseeable 2012 real estate housing market! This plan of action will be the way buyers and sellers purchase and sell properties today and in the near future. In South Florida, as a licensed real estate agent, with the National Association of Realtors, there is the ability to actually see the little black anvils that appear in the tax records indicating the home owner has not made a mortgage payment for at least 3 months and has received a foreclosure notice. Statistically, according to Realty Trac in March of 2012, ( 1 out of 336 ) properties received a foreclosure notice. As a distressed housing expert, guiding you through a short sale is helpful solution to this devasting senario. Please visit www.susanpenn.com, or call Susan J Penn, PA, EWM Realtor at 954-557-5993 and open your doors for help.
Florida numbers do not lie. The average length of time to foreclose a property is 806 days. The number of all deliquent loans in our state is 7.58% . Currently, there are 6,082,000 failing mortgages. If you think you are alone in this undesirable dilemma, take a peek at these figures.
Looking at the entire United States,according to realty track, Florida ranks number two for foreclosure activity. Are you alone in deciding to enter into the short sale arena? Absolutely not. Remember, foreclosure is not the only option. In fact, one of the best solutions available is a short sale.