Our real estate market in Grand Rapids has changed dramatically in the last two years. Foreclosures and short sales are on the rise. For example, look at the following statistics:

-1 in 4 houses listed are a short sale

-1 in 5 people NEEDS to LIST their house as a short sale

-Foreclosure rates are hitting record highs

-The credit crisis is affecting our buyers

President of the National Association of Realtors, Richard Gaylord, stated, “Homeowners who are struggling to make their mortgage payments should have more options available to them to avoid foreclosure. They can benefit not only the homeowners in question , but also to buyers, lenders, and the surrounding community.With their established lender relationships and knowledge of complicated real estate transactions, real estate agents can add real value for both sellers and buyers interested in short sales. “.

Real estate agents are facing this crisis. They have struggled to adapt to market changes. The amount of work that has been put on your shoulders can be staggering. I started looking for a way to help alleviate some of the workload real estate agents carry. Look for a company that has a team approach to help you solve the financial challenge with your home.

When working with a team approach to helping homeowners with short sales, look for the following:

– Provide the lender’s specific requirements

-Create short sale packages for you

– Handle ALL Lein Holder negotiations

– Help with buyer expectations: unique for each deal

– HUD-1 Settlement Statements

There are many out there. Check them out and help more people.