Today there is a total of 280 properties in pre-foreclosure. These properties have the potential of being short sales, but some homeowners just don't want to deal with the whole process. A short sale is much less damaging to your credit report than foreclosure. Bad credit falls off your record after 7 years, but a foreclosure follows you around permanently. Why are people in Simi Valley not short selling their property? Some of them don't realize their option. Banks/lenders much rather short sell the property because foreclosure is more costly to them.
If you know anyone who may be in trouble, we can help them. We are short sale specialists. We know the ins and outs of the process and we may even be able to help the owner get relocation assistance. Check out our website for more information on short sales. http://www.seansanjose.com/short-sales
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