Short Sales and Foreclosures

Tilton Quon

August 27, 2008

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Yesterday I had a conversation with a friend that will be facing foreclosure in Danville CA. within the next month. Today I had a conversation with an agent that had a client who wanted to do a short sale on their rental property in Livermore CA. Let’s face it, regardless of your situation (married, single, divorced or widowed), many homeowners are facing the daunting prospect of losing their property or home and having a negative impact on their credit score. I remember years ago in a training session at my Real Estate office when the topic of short pay came up. At that time, we glossed over it due to the condition of the real estate market . Boy have things turned around!

Due to these conditions, I have seen a lot of “short sale and foreclosure” trainers come out of the woodwork. My advice is find a competent Realtor that understands YOUR needs and concerns. At the end of the day, your fate will be at the hands of your lender and you may not have the control you think.

Here is a link to Short Sales and Foreclosures. I hope you read these for education purposes only.

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