Short sale? Foreclosure? loan Modification? Which path to chose

short sales in Madison 

The question that can save a life?   Well hopefully not, but one to help get one's life back on track.

What should a person try when confronted with an over sized mortgage,  over sized payment and a shrunken salary/income?

This is a question we spend a lot of time helping home owners decide.   read more here short sales in Madison 

Here are some interesting facts about what home owners actually have done.  There are 3 years of records and I am wondering if there is a trend?

Source Keller Williams Mastermind survey. 

Foreclosure down, short sale up.   loan modifications as difficult as ever.  The more i talk to these people, the more i believe that the banks use the modification process as a way to keep you paying a bit longer.

This is not a scientific study, It is just a survey conducted for all the Short Sale superstars who have been invited to the Keller Williams national short sale mastermind. This group of Keller Williams agents represents best practice and together would sell many thousands of short sales a year.

 The best info we can obtain is from trends over time.

Here is what i read.

Short sales are growing in relation to all other forms of rescue.  



Do you know someone who needs to move, or in a financial pinch that selling might solve, yet are underwater?  
Learn more about short sales in Madison 

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RealEstateGuy has been a full time, full service Realtor since 1993. He is dedicated to helping people achieve their Real Estate Goals and dreams.  In order to provide more specialized service, he created a team of hand picked specialists. Guy believes in constantly learning more, so regularly attends national seminars and trainings. Guy has been a top producer, leader in his office, a president of the Wisconsin chapter of CRS, and has spoken at the State Realtor Conventions.     
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NEW!! tool for checking out the home market AND great area stats and info.

Dane County loan program to assist underwater homeowners

Dane County announces a loan program to assist homeowners who are underwater or unable to pay.   This is a federal program called the EHLP, Emergency Homeowner Loan Program .  It is designed to help prevent foreclosure. 

It is a no interest loan of up to $50,000 to eligible homeowners at imminent risk of foreclosure. 

Applicants should call Green Path at (888) 893 2711 to state the application.  There is a tight deadline of July 22^nd.   So do it NOW.

It is anticipated there will be more applications than funds so a lottery will select the lucky recipients. 

If you would prefer to leave the home and you are underwater in your home, a short sale may be for you.  About short sales Madison Wi.

   

To help in the decision process, watch this series of short Videos: Sell My Home Madison.    It will help you decide if you are really a home seller.

If you would like a snapshot of homes sales in your neighborhood

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RealEstateGuy has been a full time, full service Realtor since 1993. He is dedicated to helping people achieve their Real Estate Goals and dreams.  In order to provide more specialized service, he created a team of hand picked specialists. Guy believes in constantly learning more, so regularly attends national seminars and trainings. Guy has been a top producer, leader in his office, a president of the Wisconsin chapter of CRS, and has spoken at the State Realtor Conventions.

Get a chuckle. Watch Real  Estate Guy video. 30 seconds 

Search all area homes for sale Madison Wi

receive a birds eye view of sales in your neighborhood

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