For Knoxville homeowners facing foreclosure, sometimes it can seem like an impossible situation. It can seem like there is no one good way out. While Knoxville short sales can come with their share of risks, they can also offer a dignified solution to avoid foreclosure, and here’s why.
For many Knoxville homeowners facing foreclosure, they can feel like their in a situation where they have no control. When a homeowner decides to pursue a short sale, there is a level of control that is put back in their hands. While the sale is being negotiated, things can be a little nerve wracking; still, many homeowners feel relieved that they are doing something to avoid foreclosure and take back control of their life.
In addition, by selecting a real estate professional who specializes in short sales, many sellers take comfort in knowing they finally have someone in their corner and that they are finally able to have some answers. Before starting the process, an agent is able to explain to sellers what the process is like and will be there to advise you along the way. For many homeowners who have tried to complete loan modifications, they are often left in the dark and feel like they’re getting nowhere. With a short sale, you have another person or team fighting along with you to complete the short sale and who has been through the process before.
Finally, when a homeowner does a short sale on their Knoxville home, they give themselves the opportunity to get their lives back on track. Homeowners are allowed (and often encouraged) to stay in the home until the sale is completed, which gives them time to save up some money. Oftentimes, they are able to stay rent free. It also give them sometime to plan where they will go once the sale is completed.
Facing foreclosure can be a scary thing. If you’re thinking about doing a short sale on your Knoxville home, please do not hesitate to give my team a call at 865-696-9002 or send an email to [email protected]. We specialize in helping Knoxville homeowners avoid foreclosure and helping them understand their options. Foreclosure isn’t the only option, give us a call today to hear what you’re options are.