Carlsbad, CA (PRWEB) June 25, 2008
Short Sale Complete is offering a new service to homeowners that are current or behind on payments, and it is making a huge impact on the real estate market. Lenders negotiate with Short Sale Complete to offer discounted rates on the remaining amount of loans for homeowners facing foreclosure, and the home is then sold to a third party for a low price. With these dramatically reduced home prices, bidding wars are starting in areas such as California, Florida, Nevada, Michigan.
This type of negotiating service that Short Sale Complete offers is sparking activity in the real estate market that reminds some experts of the go-go years of the market, and it may even be a signal that the bottom of the housing slump is near. Many of the homeowners that they work with bought at the height of the market when prices skyrocketed that are now falling sharply. With such low prices as a result of their negotiations, however, some homes even have as many as 10 offers from prospective buyers.
The short sale negotiating services are also helping to slow down the foreclosure trend that has been accelerating over the last year. Approximately 3 million American homeowners were at least one month late on their mortgages in the first quarter of 2008, according to the Mortgage Bankers Association. Another record of almost 450,000 homes had entered the final stage of foreclosure. Short Sale Complete helps to avoid foreclosure, which allows homeowners to avoid the negative credit repercussions and allows lenders to avoid the cost of foreclosing a property.
For more information about these short sale negotiating services and the benefits for investors, lenders and homeowners, visit http://www.shortsalecomplete.com.
About Short Sale Complete:
A short sale is a process where the lender agrees to take a discount on the existing loan amount owed on a property. In exchange, the house is sold to a third party and the home is not put into foreclosure. This is beneficial to lenders because foreclosures are costly and time consuming, and it is beneficial to the property owner because it enables them to sell the property and relieves a major distress on their credit.
The team at Short Sale Complete can negotiate with banks on homeowners' behalves to ensure a successful discount on their loans. They handle all of the processing, communication, documentation and skillful negotiations required by each mortgage lender. If homeowners are behind on payments, they can get the lenders to stop making harassing phone calls. Short Sale Complete also allows homeowners track the status of their short sale online any time, and their services are available nationwide. They handle the full short sale process for realtors and brokers, as well.