Sobering Statistics

According to the latest data from the Realty Trac US Foreclosure Market Report, Tennessee reported 40,733 foreclosure filings in 2009, an eight percent increase from 2008. Total foreclosure filings in Tennessee accounted for 1.49% of 2,824,674 foreclosure filings in the nation. In terms of total foreclosure filings, the US had a 21% increase from 2008.—Hulya Arik, PhD February 2010

I received my National Association of Realtors Short Sale/Foreclosure certification today…A short-sale is a situation where the seller actually owes more on the property than he can get out of it….he’s “upside-down”. It’s a complicated process that takes a lot of cooperation from the seller, approval by the lender and tons of patience from the buyer! If you find it necessary to sell your home and you suspect you might be upside-down, please call me right away to review your situation! Don’t wait until you’re weeks or even months behind. At that point, it could simply be too late! Don’t become a statistic!