San Jose Short Sales Site San Jose Realty Explains How Short Sales For Homes Are A Better Option
San Jose Realty announced today, that there are over 700 short sale homes available on the market. The real estate crisis in California is at an all time high, with over 200,000 homes becoming delinquent in just the past six months.
- (1888PressRelease) December 25, 2010 - A short sale has never looked so viable for new home buyers. The sentiment for San Jose Realty has been positive for many home owners, who are finding ways out of their predicaments, at faster paces.
There have been more short sales for homes in San Jose, than there are foreclosures, and this has been the most positive years for San Jose Realty, due to these numbers. San Jose Realty believes that a short sale will be more profitable for new home buyers, instead of opting for a foreclosure. Bank owners are becoming much more agreeable on bids from home buyers, than they have been over the past few years. This is good news for people looking to buy a home, for a much cheaper price.
Homeowners are also choosing to sell their homes, by choosing a short sale, rather than foreclosure. Most homeowners are trying to get out of their predicament, with the least amount of damage as possible. San Jose Realty has been giving homeowners, and home buyers some much needed advice, on what their best options are for their home. Banks are spending less money on the added costs that come with a foreclosure, and this is making them feel much more positive about any outcome.
Most bank owners understand that they will be receiving less money back, than the actual cost of the mortgage. Banks also understand that the real estate market has been in a tail spin all over the country, so they feel less alone in their plights. San Jose Realty, along with mortgage banks, have been helping devastated homeowners to understand that a short sale, is a much more viable option, than a foreclosure.
The damage that a homeowner can do to their credit over a foreclosure, is something that will follow them around for the next ten years. A short sale will be much more agreeable on their credit scores, than a full out foreclosure. San Jose Realty is also seeing a change in the number of homeowners, that have been dealing with despair, to the thought of losing their homes to foreclosure. San Jose Realty states that "homeowners are finding more and more options, that are keeping them away from total financial ruin."
San Jose Realty has explained that, short sales keep bank owners from being forced to sell a home in an auction.
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