Layton Real Estate Agent: Several Utahns Turn to Short Sale Real Estate Agents to Avoid Foreclosure

Last year, Utah was ranked 4th highest in the nation for foreclosure rates, with several thousand housing foreclosures being filed in the first months of the year.

Salt Lake City, UT (prHWY.com) September 19, 2012 - Last year, Utah was ranked 4th highest in the nation for foreclosure rates, with several thousand housing foreclosures being filed in the first months of the year. Today, many Layton residents are trying to avoid foreclosure at all costs, due to the tremendously negative impact it can have on their credit score. Roberta Marshall, a short sale real estate agent in Utah, offers individuals an alternative option to foreclosure- short selling their homes.

Layton Real Estate: What is Short Sale Real Estate and How Does it Work?

Several individuals in the Layton area may want to short sell their home, but may not understand how to start the process. Short sale involves a homeowner petitioning to a lender to be able to sell their home for an amount less than the mortgage balance. By hiring a short sale real estate agent such as Roberta Marshall, individuals in the Layton, Utah area are able to discover whether short sale is an option for them. If it is, the Utah real estate agent can help the resident to negotiate with the lender and to ensure the short sale house is added to the directory of Layton homes for sale as soon as possible.

Avoiding Foreclosure: Short Sale Homes for Sale

Foreclosure can have a tremendous negative effect on financial records. Not only does it cause a large amount of credit damage but also prevents an individual from obtaining financing for a period as long as ten years. Short sale allows an individual to negotiate with a lender. In addition, short sale provides an alternative to foreclosure that serves both parties, the home owner and the lender. The home owner is able to avoid foreclosure and is thus able to minimize their credit damage, reduce the deficiency owed on their home, and lower their tax liability. Short sale also benefits the lender, due to the fact that it doesn't inflict as significant a loss as a foreclosure.

For more information regarding short sale realty, contact Roberta Marshall at 801.824.7164

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Tag Words: layton homes for sale, layton real estate

Categories: Real Estate

Press Release Contact
Roberta Marshall
Phone: 801.824.7164
http://www.marshallrealestateutah.com

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