May 24 2010
Foreclosures Down - Delinquencies Up
RealtyTrac just released a report that the number of foreclosures has dropped. However, the number of households delinquent on their payments has grown. Wait a minute, how can that be? Less foreclosures and more people not making payments. The answer is short sales. Banks would rather do a short sale than a foreclosure.
If you know someone that is struggling with their home payments, they need to call me at 407-489-0155. For 6 out of 10 families a short sale is the best option. Many times it’s the most cost effective option for the banks. It’s a win win for both parties.
Interested in learning more? Call me at 407-489-0155. Levi Salmans
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