Peters Township Real Estate has seen the same slump a lot of the nation is facing right now; however, we are starting to come out of that slump, which is great news for Pittsburgh home buyers and sellers! Even with with the good news, there is a group that still needs some assistance and your expert Pittsburgh and Peters Township REALTORS are here to help!

Pittsburgh Short Sales

When you are trying to sell your home, but can not sell it for what you owe on it, then you are caught in a short sale. Short sales can be maddeningly frustrating for all involved, because each one has to be approved by the mortgage lenders and that whole process can take a very long time.

Lenders can often take weeks or, in worst cases, months, to respond to a short sale offer. Why? Because they are getting overloaded with requests AND in a short sale, they are getting paid less than what was originally promised. So even though someone may be able to prove hardship in making their Peters Township home payments, the lenders still aren’t super excited to lose the money, even though in the long run they could up getting less if it goes to foreclosure.

So what is a home owner to do? Make sure you work with an Expert Peters Township Realtor, who understands the short sale process for your area inside and out.

Because even when things do go smoothly and your short sale is approved, there can still be mistakes in how long it takes the paperwork to get back to you, making it impossible to close in time and forcing you to start over. Unless you contact an expert Pittsburgh REALTOR and let me help with every step of the process.

Short sales can be frustrating, but don’t worry; the real estate team at JimDolanch.com is here to help you every step of the way.

Are you thinking about how to start the short sale process, or what to see if a short sale might be an option so you can avoid foreclosure? Then contact us, your expert Peters Township, PA real estate agents, with all of your questions and concerns.

Until next time,
Jim