Hello, I’m Matt Fetick with SoldByShortSale.com; I’m Philadelphia’s number one short sale realtor. I am quite excited to meet with you on our website and share with you as much information as I can about how you can avoid foreclosure and complete a short sale to help salvage your credit and the value of your property. Thanks so much for visiting me.

I haven’t gone over this for some time but customers keep asking me why lien holders would allow a short sale. I was working with a customer recently to cover their situation with them and they asked me this same question. This is why: banks want to loan money, they don’t want to own real estate. They gave you a mortgage because it is an investment. They will loan you a particular amount of money in exchange for receiving interest or a big return. Where they really lose money is when they have to foreclose on a property. When they foreclose on a home, they become the owners. They have to do all the things that you do everyday such as mow the lawn, remove the snow, keep the home heated or cooled as well as keep up with repairs. Banks aren’t in a position to take care of your house; this is why they don’t want to foreclose. When they foreclose they lose about 20% more money than if they were to approve a short sale. In a short sale we can keep the values high and their expenses low. They are quite motivated to get a house sold through short sale.

Remember that if you’re facing foreclosure we want to help you mitigate your losses and exposure by helping you figure out if a short sale is best for you. If you would like to go over your alternatives and whether or not a short sale would be best for you, please contact me, Matt Fetick, at 610.427.4420. We work with all of Delaware and the five county Philadelphia area. You can also browse our website, SoldByShortSale.com and click for more information. Thanks for taking the time to visit our short sale website; we look forward to hearing from you soon.

For more information on short sales and how to avoid foreclosure, visit the Sold By Short Sale blog or you can also contact the Matt Fetick team and get started today.