Avoid Foreclosure

Every homeowner in Sarasota, Florida should be educated on their options to avoid a foreclosure in Sarasota, Florida. Many options are available to distressed homeowners however; short sales are becoming increasingly popular due to its abilities to assist homeowners in Sarasota, Florida. Short sales offer cash back incentives, a credit score that suffers far less than one of a foreclosure in Sarasota, Florida and the assistance of a Sarasota, Florida short sale specialist at no cost.

Something each and every homeowner in Sarasota, Florida worries about is how their credit will be affected once a short sale is all said and done. The truth is, a short sale itself may drop your credit score by 50 points, however it will be the delinquent mortgage payments that do the most damage; each missed payment ranging around 30 points. When you compare a short sale versus a public foreclosure you will see that a public foreclosure may lower your credit score by 300+ points and remain on your credit report for up to ten years. A short sale in Sarasota, Florida will typically recover within two years while usually displaying paid as negotiated or settled in full on your credit report. A public foreclosure in Sarasota, Florida also has the potential to hold you back from a certain career path because it is not uncommon for employers to do a credit check before making a decision.

One of the greatest benefits of a short sale is having an experienced Sarasota, Florida short sale Realtor assisting you throughout your short sale. The goal of a Sarasota, Florida short sale Realtor is to handle all negotiations on your behalf while working aggressively to get your home sold in Sarasota, Florida. A highly qualified Sarasota, Florida expert in short sales will be able to keep constant exceptional communication with all parties involved while offering their services to you, at no cost; your lender will typically pay all commission and closing costs. There is no reason to let your home in Sarasota, Florida go into foreclosure when you have options available and professionals who dedicate their lives to helping distressed homeowner.

Contact GREGG today for more information about the Sarasota short sale process.

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