Solving the Knoxville Foreclosure Crisis
One Homeowner at a Time

Rick Smenner

RE/MAX Preferred Properties
[email protected]

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Why Knoxville Short Sales Are Win-Win For Everyone

thumbs_up_colourKnoxville short sales are a common way for underwater homeowners to avoid foreclosure. While Knoxville short sales can be extremely beneficial to sellers, they are also a win-win for all other parties involved, and here is why. Advantages For Seller A short sale allows a distressed homeowner to get out of a very difficult situation. When foreclosure is inevitable, a short sale allows a homeowner a way out of a tough situation with significantly less consequences. While a short sale will do damage to your credit, it is not nearly as bad as going through foreclosure. A short sale gives the seller some time to get back on their feet and in most cases, they are able to walk away debt free. Advantages For The Buyer The buyer in a Knoxville short sale can benefit from a deeply discounted price. For a buyer that is looking to get a home at a discounted price, a short sale offers an alternative to buying a foreclosure. Typically, short sales tend to be in better condition than foreclosures. Advantages For The Lender Lenders also benefit when a short sale is done to avoid foreclosure. Since short sales tend to be in much better condition than foreclosures, they tend to get better prices. Also, it can take months or even years before a foreclosure hits the market, which means it can take that long for a lender to get paid. With a short sale, once the sale is complete the sale typically is required to close within 30 days. Are you facing foreclosure on your Knoxville home? If so, please do not hesitate to give my team and I a call. We’ve helped many Knoxville homeowners avoid foreclosure on their Knoxville homes. Give us a call today at 865-696-9002 or via email at [email protected]. All of our services are done at absolutely no cost to you.

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