Dave Halpern Louisville Short Sale Expert (502) 664-7827

Short Sales in Louisville

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Hello World!

Welcome to my first blog post about short sales. My commitment to you is to provide quality content that you can use. This blog is intended for sellers, buyers, Realtors who represent sellers, Realtors who represent buyers, loan officers, BPO agents and appraisers, bank loss mitigators, closing attorneys and anyone who is directly or indirectly involved in a short sale.

Most of the writings will be original writings reflecting my vast experience in helping homeowners avoid foreclosure by negotiating a short sale with their lender. I successfully close dozens of short sales every year in Louisville KY and at any given time I am multitasking dozens of ongoing short sales.

I am accredited by the Kentucky Real Estate Commission (KREC) to teach Short Sales to Kentucky Realtors for Continuing Ed Credit, and have taught classes to hundreds of Realtors.

Although I always want to keep a positive and upbeat demeanor, I would like to emphasize that short sales are a very imperfect process with many pitfalls and no guarantees.

What is a short sale? When the lender accepts an amount short of the full payoff.

Who wins in a short sale?

The homeowner sells their house even though they owe more than it’s worth and gets out from under their mortgage.

The foreclosing lender reduces their losses. Rather than incur a long and costly foreclosure process and the risk of getting an abandoned and damaged house, they settle now and get a big check. They lose less now rather than lose more, later.

Listing Realtors sell a house now and help their client rather than helplessly watch their client’s house and dreams slide all the way to the foreclosure auction.

Buyer’s Realtors help their buyer get a good deal.

Taxpayers pay less in bailout money, because the banks have less losses.

Neighbors get a new neighbor faster instead of enduring a vacant foreclosure house for months or years.

Loan officers, closing attorneys, home inspectors and all the entities involved in the purchase and sale of a house get a little economic stimulus now instead of waiting for the banks to foreclose on the house and dump it in a year.

One of the hardest tasks in a short sale is managing the expectations of sellers, buyers and Realtors. Future blog posts will describe in detail what the problems are and how to handle them effectively.

Readers are encouraged to leave comments requesting topics to be addressed.

See you next time!

Dave Halpern (502) 664-7827

Louisville Short Sale Expert




Written by davehalpern

December 12, 2009 at 1:29 pm

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