A List Of Everyone Who Benefits From A Orlando Short Sale

First, it benefits the owner of the loan. The owner can be the bank or a third party such as Fannie Mae or Freddie Mac. They are Quasi-GovernmentalEntities.
The American Taxpayer has bailed them out to the tune of hundreds of millions of dollars and will continue to bail them out for any future losses.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
These two entities own about 55-60% of all American Mortgages. So, it is very likely that a short sale benefits not just them, but also every single American Taxpayer.
Two other entities insure another 10-20% of all American Mortgages. Those two entities are FHA and the VA Loan Program. All veterans benefit from a short sale of a VA Loan because it helps reduce losses on the VA Loan Program.
Up until recently many experts speculated that the FHA Loan Program would need a bailout. Fortunately, the program’s finances have improved and it looks like it will no longer need a bailout.
But, every short sale that helps the program reduce its losses helps it move further away from a bailout.
I am sure you are asking, “Why does a short sale help a bank reduce its losses compared to a foreclosure?”
The reason is because they get to sell the house at today’s price, versus what it will be worth 6-12 months down the road. I just did a comparison and pulled up sold listings.
All of the listings were the similar properties in similar neighborhoods. First, I looked up the average selling price per SQFT of homes that sold in Spring. They sold for an average of $103 a SQFT.
Then, I pulled up homes in the same neighborhoods that sold as REOs in the last 2 months. They are sold for an average of $85 a SQFT. These homes average 1,700 a SQFT. That means a 1,700 REO sold for $30,600 less. Ouch!
The other person that’s getting value is the buyer. They get a better deal in today’s market than buying a home from someone who is trying to squeeze out every penny.
You, the seller also benefit. You will be eligible to buy another home in 24 months. You have a better chance of getting a job, because many employers check that nowadays.
A short sale is a win – win for everyone involved. Thinking about a short sale?
I can help you short sale your property and get back on your feet. Send me an e-mail at tom.mack@exprealty.com. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 407-359-2220
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.