I recently ran a search of all homeowners in Naples that were at least 30 percent underwater. Think the Naples market is protected? Think again... There were more than 20,000 home owners in one zip code that were totally upside with their first mortgage.
More and more, I realize how many homeowners will need the help of experienced, qualified agents who can effectively negotiate a settlement of their mortgage through a short sale.
The banks need to shorten the approval timelines and work with us to get these homes sold.
Sellers need a clearly defined strategy to determine whether a loan modification, short sale or other foreclosure avoidance plan will work for them.
This article clearly shows where we are headed... Buckle up ya'll. It's going to get much worse before it gets better.
Please feel free to contact us for a free consultation on how we can help. lgottesman@topproducer.com 239-898-1463
