If you have been contemplating having a Short Sale conducted on your behalf, the first thing that most of the Short Sale sellers have to deal with are their emotions.
Being involved in a short sale is not a clean proposal for most from an emotional standpoint. We have found that many of our clients are filled with feelings of regret, failure and sadness. Citing how their parents would have dealt with the experience of a Life Changing event, where being able to make their mortgage payment is brought into question.
Besides those deep rooted feelings, they are also concerned with saving face in front of their neighbors. We have had many in our offices during our Confidential Short Sale meetings that have broken down in tears. That is one of the reasons we are not such “big” fans of real estate signs being placed on our Sellers Short Sales. Anonymity is important to some
If we were to direct your attention back to 2007, the term “short sale” was known as a “short pay”, and the use of that terminology was scarce.
Today, the Short Seller is one of many involved in the Process. According to our current Santa Clarita Real Estate market statistics, we are pressing the 55% mark of the Real Estate market which are active short sales.
Some are tactical in approach by the sellers and others are strategic. The most difficult ones are those that are hinged to emotion.
Short Sales are very personal in nature and need to have everyone’s blessing before the Short Sale negotiation process is started. Immediate family, parents, confidants, and even clergy can be called in to address the emotional feelings that are associated with Short Sales.
We have been meeting with clients in a very “off radar” confidential meeting at our offices. No sign in necessary and the clients are guaranteed to not have their business spread anywhere they don’t want it to go.
Have a look at the map below to see how many active, back up and pending (in process) short sales that are in process. It might alleviate some of your concerns to see you are not the only one choosing this option. Remember when viewing the map – we have not embedded Sold Short Sales in the Santa Clarita Valley, that would increase the numbers considerably.
Short Sales help you safe face with the bank. They are agreeing to the process and not allowing the property to foreclose. Which in our book is a HUGE PLUS!
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