Short sale is always a better option than foreclosure for homeowners in distress
LAHAINA – When homeowners find themselves facing foreclosure, it can sometimes be difficult to get out from under the weight of the pressure and stress. Homeowners who find themselves in this circumstance are often blind to the options that are available to them.
“Many experts have popped up on the news saying some untrue things about foreclosures and short sales. In reality, a short sale is always the better option for numerous reasons,” said L. Lee Potts, R(B), CDPE, Aloha Realty Group, Lahaina.
“Most people know that a foreclosure is bad for your credit,” said Potts, “but not many people realize that it can affect things like current and future employment as well.”
As a Certified Distressed Property Expert (CDPE), Potts has intimate knowledge about the benefits of a short sale over foreclosure.
“These benefits are nothing new,” Potts said, “but there is so much misinformation out there that it is easy to be misled.”
A Certified Distressed Property Expert is knowledgeable of the entire landscape of foreclosure avoidance options and is distinctly qualified to negotiate with banks and help struggling homeowners regain peace of mind and a sense of stability for the future.
Potts has developed a free report entitled “The Foreclosure Fairytale” that is accessible from his website, www.alohapottshelpsmauihomeowners.com/.
The report provides a thorough rundown of all of the ways that a short sale is more beneficial to homeowners than foreclosure.