Every homeowner in Oklahoma City should be educated on their options to avoid a foreclosure in Oklahoma City. Many options are available in Oklahoma City to distressed homeowners however; short sales are becoming increasingly popular due to its abilities to assist homeowners in Oklahoma City. Short sales offer cash back incentives in Oklahoma City, a credit score that suffers far less than one of a foreclosure in Oklahoma City and the assistance of a Oklahoma City short sale specialist at no cost.
Something each and every homeowner in Oklahoma City worries about is how their credit will be affected once a short sale all is said and done. The truth is, a short sale in Oklahoma City itself may drop your credit score by 50 points, however it will the delinquent mortgage payments in Oklahoma City that do the most damage; each missed payment ranging around 30 points. When you compare a short sales versus a foreclosure you will see that a foreclosure may lower your credit score by 300+ points and sit on your credit report for up to ten years. A short sale in Oklahoma City will typically recover within two years while usually displaying "paid as negotiated" or "settled in full" on your credit report. A foreclosure in Oklahoma City also has the potential to hold you back from a certain career path because it is not uncommon for employers to do a credit check before making a decision.
One of the greatest benefits of a short sale is having an experienced Oklahoma City short sale specialist assisting you throughout your short sale. The goal of a Oklahoma City short sale Realtor is to handle all negotiations on your behalf while working aggressively to get your home sold in Oklahoma City. A highly qualified Oklahoma City expert in short sales will be able to keep constant exceptional communication with all parties involved while offering their services to you, at no cost; your lender will typically pay all commission and closing costs. There is no reason to let your home in Oklahoma City go into foreclosure when you have options available and professionals who dedicate their lives to helping distressed homeowner
Comments or questions are welcome.
Julie is a Real Estate agent at Prudential Alliance Realty 152091, covering the greater Oklahoma City area.
Helping Oklahoma City home owners avoid foreclosure with a short sale
Julie Gentry specializes in short sales in Oklahoma City. I am your Oklahoma City Short Sale Specialist Realtor and Oklahoma City loan modification and distressed property expert. This article and content is for general informational purposes and may not be accurate. This should not be taken as legal advice, technical or tax advise under any circumstance. Seek legal advise and representation in all legal matters.