As we quickly approach the summer selling season, the question still remains. Should I sell or should I stay? While the Denver market is improving we are not out of the weeds yet. Sales prices are increasing but many people are still underwater on their homes.
According to Realtor mag short sales have increased 33% this year alone. Short-sale transactions are starting to outpace foreclosure sales, as more banks see it as a better option to curb high losses from foreclosures. More mortgage servicers are also trying to increase the pace of approving short sales, a process that is generally viewed as drawn-out and lengthy.
A Short Sale is a perfect solution for many homeowners who have already missed a mortgage payment or know they inevitably will miss one soon. In fact, a Short Sale is preferred by lenders as well as homeowners; it’s a win-win for everyone.
The window of opportunity is short, so please call us or reply to this email so we can schedule a time to talk one-on-one. 303-325-5020