Some people have the mistaken idea that distressed homeowners are only blue collar workers laid off and can't make the mortgage payment on their $60,000 house in Oklahoma City. This is not true, in fact homes that you can buy as short sales can run into the area abouve $1,000,000. Right now our short sale team has a listing on a home that is on 14 acres and is 5500SF (mol) with loans over $1,000,000. Our listed price is $625,000. Distressed homeowners are from all prices, all walks of life, different levels of education, different age brackets and the one thing they have in common is they are not making their mortgage payments. So if you are looking for a low priced home in Midwest City we have one. If you are looking for a deluxe newer home close to I-40 on the East side with a beauriful saltwater pool we have it. If it is a 4 bedroom home built in the 1980's in a good neighborhood in Edmond Oklahoma and listed for $125K move in ready we have it.
The reasons for these distressed Oklahoma City area homeowners having to do a short sale to avoid foreclosure is as varied and unique as snowflakes. It can be medical, it can be job loss, relocation, or just being to far into debt. To us it doesn't matter what the cause is as much as it is the results we can affect. We want our clients to avoid foreclosure and a further credit meltdown. We want our clients to be able to get another home loan in two years instead of five with a successful short sale instead of a foreclosure. And we want a new buyer to get a home at a great price with built in equity. This should be a transaction where their are no losers even the mortgage companies that avoid a greater loss in foreclosure.
If you are an Oklahoma City distressed homeowner regardless of why a short sale is needed and regardless of what type or price of home we are dealing with, we are here to help. The more foreclosures that can be avoided in the Oklahoma City area, the better the housing market is going to hold its values.Please contact us for a confidential consultation about your options.
Joe Pryor & Charlene Humphreys, Distressed Property experts
joe@joepryor.com
chumphreys2@cox.net