Rich Cederberg's Albuquerque Real Estate Blog

Avoid Foreclosure by Doing a Short Sale in Ventana Ranch, Albuquerque NM

If you are behind in house payments it may still be possible to Avoid Foreclosure in Ventana Ranch. One way is to sell your house by doing a short sale with an Albuquerque CDPE.

The term "Short sale" means you are going to try and sell your house for "short" of what's owed to the bank. You'll need the bank's approval to do this, but many times the bank will take less than what's owed rather then foreclose on the house. In the long run it may be less expensive for them.

It's not easy to do this, and not every agent is qualified to help you with a short sale. You'll want to look for an CDPE in Albuquerqueagent who is a Certified Distressed Property Expert, or CDPE in ALbuquerque.

To receive the CDPE designation, an agent must go through extensive training about the short sale process. But it's not only about training, members belong to a nationwide network of distressed property experts who share their success and their difficulties with one another so that we can stay current on successful short sale strategies to help our clients.

Bad things can happen to good people. Maybe you bought when housing prices were at their peak in 2006. Maybe you lost your job or your spouse. Maybe you had an interest only loan. The reasons that cause financial difficulties are many, but the solutions are few.

Before you lose to your house to foreclosure realize there is one last thing you can try. It's called a short sale.

Please contact me today, I'm here to help. Don't wait until it's too late!!!

 

Want to read more about the Consequences/Benefits of Doing a Short Sale?

View a brief video on Short Sales: The Basics

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Albuquerque Realtor Rich Cederberg works for RE/MAX Finest in Albuquerque New Mexico. Previously Rich worked for RE/MAX Elite and the Vaughn Company Realtors for 5 years. He specializes in Albuquerque Real Estate, Northwest Albuquerque Real Estate, Rio Rancho Real Estate and Los Lunas Real Estate.  He especially enjoys working with First Time Home Buyers. Call 505.803.5012 or email Rich Cederberg if you need a Albuquerque REMAX agent.