/*
Correctly handle PNG transparency in Win IE 5.5 & 6.
http://homepage.ntlworld.com/bobosola. Updated 18-Jan-2006.
Use in with DEFER keyword wrapped in conditional comments:
*/
var arVersion = navigator.appVersion.split("MSIE")
var version = parseFloat(arVersion[1])
if ((version >= 5.5) && (document.body.filters))
{
for(var i=0; i"
img.outerHTML = strNewHTML
i = i-1
}
}
}
"...whole-heartedly recommend you" "... your savvy advice was proven when you were able to sell our home for a profit during a tough housing market" "Rich and Regina FieldsUSAF" Read Quote > View All Quotes >
What is a Short Sale? A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth. In the past, it was rare for a bank or lender to accept a short sale. Today, however, due to overwhelming market changes, banks and lenders have become much more negotiable when it comes to these transactions. Recent changes in corporate policy and the Obama administration have also improved the chances of getting a short sale approved.
But to be technical, here's a more official definition:
A homeowner is 'short' when the amount owed on his/her property is higher than current market value. A short sale occurs when a negotiation is entered into with the homeowner's mortgage company (or companies) to accept less than the full balance of the loan at closing. A buyer closes on the property, and the property is then 'sold short' of the total value of the mortgage. For homeowners to qualify for a short sale, they must fall into all of the following circumstances:
Financial Hardship – There is a situation causing you to have trouble affording your mortgage. Monthly Income Shortfall – In other words: "You have more month than money." A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage. Insolvency – The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage. This seems simple enough, but it is a complicated process that takes the expertise of experienced professionals. Together, you can identify all possible options and, when possible, a CDPE can assist you in the quick execution of a short sale transaction.
Reasons to avoid Foreclosure:
1.) The homeowner will always have to disclose they have had a foreclosure on any mortgage application.
2.) Credit scores will be lowered by 300+ points affecting the ability to get a car, apartment, credit cards, etc.
3.) A foreclosure is the one credit report item that is almost impossible to be “repaired”.
4.) Military and government security clearance could be at risk with foreclosure.
5.) Many employers run credit checks on prospective employees and foreclosure is one of the top items that will put a potential new hire in jeopardy.
THERE IS A HUGE DIFFERENCE BETWEEN LIFE AFTER FORECLOSURE AND LIFE WITHOUT FORECLOSURE!
What is a CDPE?
A Certified Distressed Property Expert® is a real estate professional with specific understanding of the complex issues confronting the real estate industry, and the foreclosure avoidance options available to homeowners. Through comprehensive training and experience, CDPEs are able to provide solutions for homeowners facing hardships in today’s market, specifically short sales.
The prospect of foreclosure can be financially and emotionally devastating, and often homeowners proceed without guidance of any kind. The developers of the CDPE Designation believe that the best course of action for a homeowner in distress is to speak with a well-informed, licensed real estate professional. They have the tools needed to help homeowners find the best solution for their situation. Often, when other options have been exhausted, CDPEs can help homeowners avoid foreclosure through the efficient execution of a short sale.
While enduring financial difficulties is challenging for any family, the process of finding a qualified real estate professional should not be. Selecting an agent with the CDPE Designation ensures you are dealing with a professional trained to address your specific needs. CDPEs don’t merely assist in selling properties, they serve and help save their clients in need.
Susan & David Holden Broker/Owners CDPE RE/MAX Preferred
"A model of how the Internet can facilitate the process of deciding where to send your children to school" - America's Best School Profiles by The Heritage Foundation
A family pet often represents a major challenge when a house is being marketed. Your family may call your large dog "Fido"--but your real estate agent calls him "Fang"! This is a sensitive issue for a real estate agent to communicate to sellers.
Even though he is just doing "his job", a dog's bark will sound ferocious to anyone who is knocking at the door. This is usually a good thing, but when your home is on the market, real estate agents will be bringing a lot of strangers to the door. Most agents are concerned about the unpredictability of dogs they don't know. When they are greeted by a barking dog, they may not be willing to enter the house unless the owner is at home. If your dog is confined to part of the house, such as a basement, be sure to put up a sign informing people of that fact. Talk with your real estate agent about the best way to manage your pet while your house is being shown, and make sure that this information is included in the MLS listing.
Susan and David Holden Broker/Owners RE/MAX Preferred 1668 Windham Way - Lakepointe Centre O'Fallon, IL 62269 618-531-4887 Fax: 618-624-8927 DavidHolden@remax.net
Thank you for visiting us at www.ofallonrealestate.com we look forward to assisting you in your home buying or selling needs. We believe in a "hands on" approach to Real Estate, this is why you will deal only with us during your transaction. This allows us to manage all aspects and react to changes quickly. Please do not hesitate to contact us for more details
www.OFallonRealEstate.com
is brought to you by Susan and David Holden
NUMBER1EXPERT in real estate for O'Fallon, Scott Air Force Base and Belleville, Illinois
- NUMBER1EXPERT 
Schools in O'Fallon, Scott Air Force Base and Belleville
