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July 2010 Real Estate Update
Over 40% of all closings in Dane County were "short" meaning the Seller had to bring money to the closing table or that the bank agreed to take less for the property than what was owed. This trend contines to rise. Infact, the Distressed Property Index indicates that short sales and foreclosures are going to be a significant percentage of real estate sales in the coming year.
If you know of anyone who may be in a distressed situation, please have them contact me to learn more about HAFA, the Federal Short Sale program. This is a new program that has been developed that allows home owners to walk away without a dificiency judgement or ruined credit. However, there is much more to it and time is of the essence with this program so it is better to talk with someone before they get into trouble or miss any payments.
Those in the position to buy, have never been in a better position. Rates have never been better, there has never been a wider selection and values haven't been this low in recent history. For anyone in the position to buy, you may find great value in the EBook: Finding A Good Deal In Today's Market.
Over 40% of all closings in Dane County were "short" meaning the Seller had to bring money to the closing table or that the bank agreed to take less for the property than what was owed. This trend contines to rise. Infact, the Distressed Property Index indicates that short sales and foreclosures are going to be a significant percentage of real estate sales in the coming year.
If you know of anyone who may be in a distressed situation, please have them contact me to learn more about HAFA, the Federal Short Sale program. This is a new program that has been developed that allows home owners to walk away without a dificiency judgement or ruined credit. However, there is much more to it and time is of the essence with this program so it is better to talk with someone before they get into trouble or miss any payments.
Those in the position to buy, have never been in a better position. Rates have never been better, there has never been a wider selection and values haven't been this low in recent history. For anyone in the position to buy, you may find great value in the EBook: Finding A Good Deal In Today's Market.
