Lehigh Valley Short Sales, What the heck is going on HERE in the Lehigh Valley? What you need to know about Lehigh Valley Real Estate & Lehigh Valley Foreclosures
Because YOU Should Know! Consumers AND Real Estate Agents!
So, Do you REALLY want to know what is going on with those Homeowners that are "trying" to avoid Foreclosure in the Lehigh Valley?
Between Jan 1, 2007 and Today (Sept 29, 2009) THAT IS 2yrs & 8 months & This is ONLY Lehigh & Northampton County Areas (Lehigh Valley Area)
During this time, there has been 397 Homeowners who have put their home on the Market to Avoid Foreclosure through the Short Sale Process.
Only 88 Sold & were actually Saved From Foreclosure Process
137 Are Available on the MLS Right Now
271 Expired or Withdrawn and NEVER Sold
That means that over 75% of the homes that were listed on the MLS never SOLD.
Out of the 88 Sold between January 1, 2007 and Today (Sept 29, 2009) 2 yrs and 8months later
48 Homes took over 5 months to get an approval from the Bank to Avoid Foreclosure
34 Homes took over 8 months to get an approval from the Bank to Avoid Foreclosure
WHY ARE HOMES NOT CLOSING!
1) Uneducated Real Estate Agents are guessing at how to handle a short sale.
FACT: Over 80% of the Real Estate Agents who listed Properties in the Lehigh Valley as a Short Sale since 2007 have only listed "1" ONE short sale and has never listed another short sale.
FACT: Over 271 homes listed on the market since 2007 never CLOSED so the Real Estate Agents were never paid for the work they conducted this could be why they have not tried helping anyone else Avoid Foreclosure through the Short Sale process.
FACT: In order to successfully assist Homeowners from Avoiding Foreclosure through conducting a Short Sale The Real Estate Agent must have had Training in the Short Sale Process.
What Else Should YOU Learn BEFORE you just do it?
Just Like Driving a Car, you must be Trained.
Like Riding a Bike, You must be Trained.
Like Conducting Surgery, You must be Trained.
This is one of the most stressful, embarrassing and humiliating times in some ones life…if you are a homeowner TRYING to Avoid Foreclosure…tell me would 
you like to be one of the 88 out of 271 homes SOLD?
If you are the Buyer who is purchasing this Home as a Short Sale do you want to wait around 3 months OR 8 months….or find out after waiting 8 months that the home is going to foreclosure anyway?
OUR GUARANTEE:
We have a Step by Step guide in processing Short Sales for Homeowners….others that use the same system we do, THEY close over 80% of their Short Sales within 90 days.
Our First Short Sale was closed within 87 days. over Half of the Lehigh Valley Home Short Sales Trying to Avoid Foreclosure was closed in over 5 months and 34 Homes out of 88 closed over 8 months!
Would you rather work with someone who has a System, Check List, and Weekly Follow-up with you..OR
Someone who just says…Yahhh well, I will need to talk to the Bank cuz every Bank Does things different! Oh, yeah….Mark my words..this is their Excuse and another Bologna story, just to pass the buck. If you believe it…good luck....if you want prompt and honest service call me.
By the way....this Data is accurate and gathered from the resource below..
This Report is taken Direct from Search Results from the Lehigh Valley Association of Realtors MLS Data
Home Search Criteria Used: “For the Agent Interest”
Residential Real Estate, Twin, Row/Townhouse, End of Row, Detached, Lehigh & Northampton Counties, Minimum 2 Bedroom and 1 Bath, Agent Remarks: Bank Approval, Status: withdrawn, Expired, Sold & Settled, Available, Available w/Cont, Under Agreement from Jan 2007 to 9-29-09. All Results cross referenced for sold and settled, and double entries (never understood that one…if you “refresh” it on the Market 95% of the Buyer’s or greater are working with a Buyer’s Agent who gives them the CDOM. So, Why?
OKAY, So you can not go away without a video from me, please enjoy and learn...
I will link this Blog to some others once I get them written..working on a Short Sale Blog...right now.
Hello there! Yeah well you are right about short sales taking more time than the traditional sale where there is a seller. But, as you can see from my Blog that the standard time is 90 days. But, most Agents do not know what they are doing so....it takes much longer. The best way to purchase a short sale is to work with an Agent who knows what they are doing...but, yeah, not a good way to invest now because you need to be under agreement with a home no later than October 30th to close by Nov 30th. Did your Agents run comps on the property you wanted to purchase? You should have never been surprised as to the value of this home...as your Buyer Agent should have proven the value to you by pulling information about what homes like this one just sold for in the same community within the past 3, 6, 9 or 12 months. This is what the apprasier is doing...It's NOT a secret. If the home is worth $20,000 less...that seller is dreaming that he is going to get someone to purchase it for 20 more. He will NEVER sell.
I hope this information has helped you :-)