Folsom Short Sale Approved & Foreclosure Postponed
Many people don’t know that starting the short sale process will postpone a foreclosure date. 1572 Thurman Way is my latest Folsom short sale approved by Bank of America. This Folsom home had a foreclosure date of March 15th but because a short sale was initiated, the foreclosure has been delayed and will sell as a short sale instead!
Folsom short sales are much preferred for most sellers compared to walking away and letting the home go to foreclosure. In a short sale, credit scores are less damaged. Sellers can also qualify to buy a home in 2-3 years compared to 3-5 years with a foreclosure. In a short sale, seller’s can stay in the home until it closes and not be worried about the uncertainty of a foreclosure. Short sales provide much more control and are usually less emotionally damaging than a foreclosure.
If you are considering selling your Folsom home as a short sale, it’s important to work with a real estate agent who specializes in short sales. Short sales are very different from traditional sales because the bank is involved. Folsom short sale agents know how to negotiate with the bank on behalf of the seller, submit a complete short sale package, follow up regularly, and push for a short sale approval. Agents without short sale experience don’t know what to do once they get an offer and can jeopardize the short sale by wasting valuable time trying to figure out how to proceed. Interview a few agents to pick the best one for you!
See if you qualify to sell your home as a Folsom short sale.
Folsom Short Sale Approved & Foreclosure Postponed
Posted by Allan Sanchez – Folsom Real Estate Agent
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