Sacramento Real Estate Views

QUICK STATS: Rocklin Short Sale Closings Increase 23%

Quarter over Quarter Results

From the first quarter to the second quarter of 2010, short sale closings has increased by 23%.

More and more people are seeing selling short as a viable option and the banks are cooperating to get them closed.

Most banks are now approving short sales without the borrower being late on their payments.

Our feeling at SellState Realty First in Rocklin is that borrowers are getting over the stigma that once existed about keeping a home that is hopelessly underwater with no sign the investment will appreciate in the short term.

The fact of the matter is that even if a borrower sells short, it isn’t the end of the world.  While it’s stressful in the short term, in the long term, it’s a viable option for borrowers who are underwater.

While there are short term financial consequences, they are pale in comparison to waiting 10 years for the investment to be worth what is owed on it versus being in a equity position over the same amount of time by selling short and then buying again in a few years. (click here for this scenario)

Considering selling short?  Please fill out the form below and we’ll get back to you promptly.

Thanks for visiting!

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Related posts:

1. Time to Sell Short in Rocklin Decreases
2. The Short Sale Process
3. Rocklin Short Sale Statistics

Tags: Rocklin, Roseville, short sales

This entry was posted on Wednesday, July 28th, 2010 at 6:00 am and is filed under Short Sale Information. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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