Well hello again my name is Matt Fetick with Sold by Short Sale, Philadelphia’s leading short sale specialist, thank you so much for joining me today. My team and I specialize in short sales within the Philadelphia area and I blog every week to keep underwater property owners informed and in control. If my blog is helpful today feel free to browse my website for even more information or contact me directly.

For our blog topic today I wanted to discuss a short sale file on a condo and how it might differ from a short sale on a home. As home prices drop we continue to see more and more people who own condo’s have trouble selling their unit. I met with a couple last week who live in a high rise condo near downtown Philadelphia and there were over twenty condo’s for sale in this particular building. If you can no longer afford your condo or if the value has dropped significantly we may be able to help you. A common question from condo owners is what to do about any association fee’s that they owe every month. My best advice is to continue paying it if that is feasible for your current financial situation. If you were to enter in to foreclosure on your condo the association holds the first lien on your property and would be entitled to their share of the selling price before anyone else. If you own a condo in the Philadelphia area and are struggling to make your monthly payments or need to relocate please contact me so we can discuss your options. I have the short sale experience to get you out from under your distressed property and help you avoid foreclosure. Thank you for your time today and I look forward to hearing from you in the future.