Is It A Good Time to Sell A House, Condo, Townhouse or Investment Real Estate in Middle Tennessee?
As a real estate and short sale expert in Middle Tennessee, I am often asked “Is it a good time for selling your Middle Tennessee home or investment real estate?” If you need or want to sell, you should do so now since the real estate market is not likely to improve any time in the near future. Even the more optimistic housing market predictions don’t show a housing bottom until late 2012 with a turn around in 2013.
By then you could already have lost thousands off the value of your home or investment property in Middle Tennessee. If you have already seen your home or Middle Tennessee investment property decline in value substantially and now owe more than your home or investment property is worth (i.e. the property is underwater); are behind on your mortgage payments or will be soon (due to a pay cut, unemployment, divorce, illness, injury, excessive obligations, etc.), you have to make a very important decision about your financial future.
You Must Make an Important Decision about Your Fincancial Future
What will you choose to do?
• Loan Modifcation – Are you going to apply for a loan modification and continue throwing your money down a financial black hole only to find out that after 5 years you are still significantly underwater and have damaged credit from the loan modification?
• Foreclosure – Are you going to let the bank or mortgage company foreclose on your home or Middle Tennessee investment property thereby leaving you self-exposed to the potential collection of the deficiency balance (the amount of the loss incurred by the bank or mortgage company)?
• Bankruptcy - Are you going to file bankruptcy (assuming you are eligible) to get out from under the legal liability of the mortgage(s) and incur the significant credit damage and costs associated with bankruptcy?
• Short Sale – Are you going to minimize the credit damage and get released of the financial liability of the mortgage by successfully selling your Midle Tennessee home or investment property via short sale?
Selling Your Middle Tennessee Home as a Short Sale - A Viable Option to Loan Modifcation, Foreclosure and Bankruptcy
If after reviewing the above options you agree that selling your Middle Tennessee home as a short sale is the best fit for you, I highly recommend moving forward immediately. Do not want to miss many mortgage payments and suffer the additional credit damage and possibly even get foreclosed.
Please help your financial future and contact a Middle Tennessee short sale specialist or expert who can guide you through the arduous short sale process. It just might be the best financial decision you will ever make.
Middle Tennessee Real Estate – Middle Tennessee Short Sales, Foreclosures, Short Sale Help and Foreclosure Assistance
If you are thinking about selling your Middle Tennessee home, investment property in Middle Tennessee or other real estate, allow me to help make the transaction a smooth and pleasant experience. I help people buy and sell real estate in Middle Tennessee and specialize in Middle Tennessee short sales, foreclosures, short sale help and foreclosure assistance (stop mortgage foreclosure).
My goal is to provide expert advice and exceptionally responsive customer service utilizing the best business practices, technology and systems available. Call or send me an email so we can discuss how I can best serve your Middle Tennessee real estate needs!
Jim McCormack (Middle Tennessee Short Sales and Foreclosure Help Expert)
Direct – Preferred and text: 615.796.6898
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