Colorado Springs Short Sale Service Helps Troubled Homeowners Avoid Foreclosure

Colorado Springs, CO (PRWEB) February 28, 2009 -- On February 27th, Jamie Mades and Colorado Springs Team launched a new Short Sale Service designed to assist financially troubled homeowners. This Colorado Springs Short Sale (http://www.latepaymenthelp.com/) program allows homeowners who owe more money than their home is worth to sell their house (instead of having it go into foreclosure.)

Sellers who may qualify include: those who are currently behind on their mortgage payments, people who have experienced job loss, relocation, unexpected medical bills or other hardships. Owners do not have to be delinquent on their payments to be considered for this program.

A short sale is an excellent alternative to foreclosure since sellers experience much less impact on their credit report and have more control over the process. When a homeowner gets foreclosed, they currently have to wait approximately six years before they will be considered for another loan. The total foreclosure process can also take anywhere from twelve months to two years to complete.

A typical short sale takes between three and nine months from start to finish and the homeowner can qualify for a new mortgage in as little as two years. Additionally, this type of sale is seen by creditors as less damaging than a foreclosure, making it easier for the homeowner to get credit sometime after the sale, such as car loans or credit cards.

The Colorado Springs Short Sale Service (http://www.coloradospringsteam.com/short-sale-form.php) benefits the community by finding a qualified buyer to move into the home. While foreclosures result in lower property values due to lower average sales prices and have homes sitting empty and neglected, short sale buyers are excited to get a modest discount for their home and generally maintain and care for the property, thereby preserving the desirability of the neighborhood and surrounding property values.

Colorado Springs Team is a full service Short Sale company that will do all the steps necessary to complete a short sale from start to finish. The will list the seller's home with other Colorado Springs homes for sale (http://www.coloradospringsteam.com/) on the Multiple Listing Service, find a Buyer for the home, compile and submit the short sale paperwork to the lender(s), negotiate the short sale on the seller's behalf and coordinate the closing.

There are no upfront costs for the Colorado Springs Short Sales Service. In most cases the bank will pay to have a qualified Realtor and Short Sale Negotiator work directly for the homeowner to complete the sale. Colorado Springs Team has an exceptionally well qualified staff to handle short sales. Jamie Mades is a Colorado Springs Realtor who has 7 years experience working with banks to buy and sell homes and his staff have successfully processed over 200 short sales in the past 5 years.

You can find out more about the Colorado Springs Team Short Sale Service by visiting http://www.LatePaymentHelp.com.

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