If you have not downloaded my latest report on the 7 Deadly Sins of Short Sales, stop right now and make sure you download immediately and READ it in its entirety! I will save your short sale life.

So, an article published by ABC Channel 7 News in Denver dated 7/31/2009 headlined:

“Few Homowners Seeking Short Sales Realtor: Frustration, Confusion Clouding the Foreclosure Alternative.”

The article cites (4) VEY STRONG points that I will address in this blog:

1. “Only 3 percent of homeowners sold their property through a short sale in the second quarter of 2009.”
2. “Homeowners are unaware of a foreclosure alternative that could save their credit and their piece of mind”
3. “The vast majority of owners are just walking away”
4. “Agents need to do a better job in the process as well to alleviate the frustration”

While the article shines a light on the Denver CO market, the same low statistics and overall negative view of short sales remains constant throughout the country. Let’s take a look at some of the factors that shape the negative view that dominates the short sale market today, and most importantly how to overcome them.
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If you have not downloaded my latest report on the 7 Deadly Sins of Short Sales, stop right now and make sure you download immediately and READ it in its entirety! I will save your short sale life.

You know that I will always give you the straight up truth right?  Well here is the latest revelation of the foreclosure crisis.  We  have been told by the main stream media for months going on years that the cause of the mortgage meltdown and real estate market collapse was sub-prime loans.  Well some new studies by the good folks at the Wall Street Journal have proven this notion false.  Data from the Mortgage Bankers Association (MBA) reveals that foreclosures resulting from PRIME loans grew 488% as compared to a growth rate of 200% from SUBPRIME loans.  Did you understand what you just read?  That means all of the commentary from the main stream media has been wrong.

The report further reveals that 51% of all foreclosed homes had PRIME not SUBPRIME loans, but wait it gets worst!

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