Real Estate in Barrington & The Northwest Suburbs: Lake Barrington Short Sales-Choose Your Realtor Carefully-You Don't Have To Be Another Foreclosure.

Lake Barrington Short Sales-Choose Your Realtor Carefully-You Don't Have To Be Another Foreclosure.

I am sad to learn today that one of my Lake Barrington neighbors has gone into foreclosure. The property is currently in the final redemption period but at this stage in the process it is very unlikely the owner will be able to pay all the missed payments and accrued interest.

This need not have happened and it makes me angry. Were they not informed about short sales? Property owners may feel a little stigma is attached to short sales and we all understand that, but many others do not even know what a short sale is or what other options are available to them. Our job as short sales professionals is to educate our clients-let them know they have options and find solutions.

The property in question was listed by a very experiened Barrington Realtor but that Realtor has never done a short sale. I wonder even if the Realtor knows of the situation. Before listing any property for sale in Barrington every Realtor should do a little due diligence to find out if the owner might be in trouble. This is not difficult to do folks. As Lake Barrington Realtors we have access to the tax records which might give us a clue or two. Even so as Barrington Realtors it is our job to collect relevant information from anyone selling a home. This would include mortgage statements, tax bills, plats and more.

The property in question has had one price cut in 10 months. I can explain to you why the house did not get any offers and why I have a plan of action to sell your home. Lethargy when marketing short sales is not an option.

When I see a mortgage statement and the amount owed seems to be very close to the market value of a home I can start enquiring about the circumstances of a sale. As a Barrington Realtor that has closed short sales-has short sale properties both listed and currently under contract-you'll know that I am not going to attack you like a bull in a china shop. I am empathetic to your situation and will do my best to get you the right assistance which sometimes is not a short sale. I have teamed with the best in short sales attorney groups in Illinois and together we make short sales happen.

If you are in financial trouble don't just call a Lake Barrington Realtor-list your home and hope for the best. Find a Barrington Realtor that has experience, closed short sales and is certified.  Call Corinne Guest-SFR-of Royal Advocate Realty in Barrington-your Short Sale Foreclosure Certified Realtor. 847-363-3686.

Copyright 2010 Corinne Guest All Rights Reserved  - *Lake Barrington Short Sales-Choose Your Realtor Carefully-You Don't Have To Be Another Foreclosure*