Hi, I’m Kimberly Sherrod with Real Estate Group 316, certainly one of Greater Columbus’ premiere short sale teams. Thank you for joining us on our TGIF series right here at Real Estate Group 316. {Two} of the things I want to talk about today are homes underwater and the foreclosure pipeline. What does underwater mean? Around 30 properties out of a hundred properties are underwater. Underwater means they owe more on the mortgage than what they’ll sell it for. Many occasions, monetary conditions are very dire or tightening with this financial scenario across the United States which are forcing people to not be able to pay their home payments. Their choices are placing meals on the table, making automotive payments or home payments or making medical payments. So when you’re in a type of conditions that you feel that you might want to sell your home, that you’ve got a monetary distress state of affairs occurring, you very well might qualify for a short sale. Here at the Real Estate Group 316 we do specialise in short sales and we would be glad to answer any additional questions it’s possible you’ll have. Feel free to contact us on our web site and we’ll be in touch with you.
The other thing that I wanted to speak briefly about was the foreclosures pipeline. That pipeline is basically a pipeline of foreclosures that has been slowed down because of new statutes, new guidelines and laws concerning the robo signing of those documents. So banks were illegally foreclosing on properties by not having the appropriate documents. Well I can let you know this, the banks have figured that out, they’ve got it straightened out and now they’re starting the foreclosures process. So if you’ve been ready around pondering that you have quite a little bit of time left to stay in your house without making payments, I just want to advise you the banks are catching up and they’re starting to file the foreclosure notices. For those who get a foreclosure notice and you’ve got a financial hardship, a medical hardship, or job relocation, you possibly can possibly qualify for a short sale. Contact us at Real Estate Group 316 the place we’re considered one of Greater Columbus’ premiere short sale teams. We’ll be glad that can assist you and talk about that additional for you. Once again, thank you for joining us. Feel free to contact us you probably have any questions concerning homes being under water, short sales or the foreclosure pipeline. We would be glad to reply those questions personally for you. Thanks a lot and are available again.
For more information on short sales and how to avoid foreclosure, visit the Real Estate Group 316 blog or you can also contact the Kimberly Sherrod team and get started today.