No one wants foreclosures. But did you know you can help homeowners who are in dire straights due to inflation? One way a real estate agent can help a homeowner at risk for foreclosure is by turning the foreclosure into a short sale.
A short sale can occur when a lender agrees to accept less than the total amount due on a property so that they do not have to proceed with a foreclosure. Unfortunately, the homeowner may not be able to pay their monthly mortgage payments due to financial hardships, so they may lose their home, but this does not mean they are headed for financial ruin.
Current inflation rates are the highest they’ve been since 1981, and the housing market is seeing an impact. COVID-related economic issues, homes that were purchased at higher prices, inflation, rising interest rates, and unforeseen financial adversity are currently creating a volatile situation for many homeowners.
According to Trading Economics:
“Annual inflation rate in the US unexpectedly accelerated to 8.6% in May of 2022, the highest since December of 1981 and compared to market forecasts of 8.3%. Energy prices rose 34.6%, the most since September of 2005, due to gasoline (48.7%), fuel oil (106.7%, the largest increase on record), electricity (12%, the largest 12-month increase since August 2006), and natural gas (30.2%, the most since July 2008). Food costs surged 10.1%, the first increase of 10% or more since March 1981.”
https://tradingeconomics.com/united-states/inflation-cpi
As a real estate agent, you have probably seen firsthand the impacts to the real estate market based on all these factors. By working with a short sale negotiator, particularly Greenway Financial Recovery, you can not only come to the rescue of homeowners in financial distress, but you can still earn your full commission.
A short sale negotiator is only there to facilitate the intricate process of shorts sales so that you don’t have to. Short sale negotiators can accomplish what realtors cannot because they have relationships with banks and do this on a regular basis.
Every realtor in this market needs to have a short sale negotiator they can turn to for difficult financial situations.
Greenway Financial Recovery will stop your clients’ foreclosure proceedings often immediately, then quickly pivot to listing the property as a short sale. They handle all the paperwork and have inroads with all lenders. In addition, they work in all 50 states so you don’t have to worry whether or not we can assist in your particular situation. Finally, communication is key, so Greenway does all the work to contact all parties involved in a timely manner.
You can save the day for an owner in distress, and earn your full commission when you work with Greenway Financial Recovery. Contact us today to get started! We are standing by for you.