What in the world is HAFA?

Are you contemplating a short sale and want to know about the NEW RULES?

 

Check out this cool YouTube video for the answers...

http://www.youtube.com/watch?v=8TXx8rKy-Ow

 

Would you like to see new listings that match your "wish list" the moment they're entered and before most of the local Realtors?

 

Ready to start looking at properties from the comfort of your own computer? How would you like to receive any/all new listings (plus any existing listings with price reductions) that match your personal “wish list” the moment they’re entered into the MLS. This means that you’ll actually see these homes before most of the local agents do! When you sign up for MyMarketMatch we’ll enter your specifications (price, location, # bedrooms, # baths, schools, etc.). The system does the rest – you’ll get an email listing the features and driving directions. You can look it over, drive by or file it away. When you find something that really interests you, give me a call or drop me an email and we’ll make arrangements to get inside. What could be simpler or less intrusive?

 

 

DOES ONE OF THESE SCENARIOS DESCRIBE YOUR SITUATION?

·         You’re behind 2 or more payments on your home and need to sell?

·         You refinanced your home when the market was at its highest point?

·         Recent economic conditions have caused your home to be worth less than your mortgage payoff?

·         A neighbor or friend told you to consider doing a SHORT SALE?

 

WHAT THE HECK IS A SHORT SALE?

Between an economy in recession, increases in unemployment and constant media negativity, there has been a tremendous pressure on home values. This combined with rising prices for repairs, taxes and insurance premiums has left many homeowners facing a home value that is less than their loan balance. Again, because of the main street media, most homeowners think their only alternative is foreclosure.

However, a SHORT SALE is often a preferable option. A SHORT SALE is a transaction in which the lender agrees to accept less than the full payoff amount. Under these terms the seller may be able to move ahead owing little or nothing. In some cases the lender will pay some or all of the closing costs – even commissions! Sometimes the borrower and the bank agree upon repayment terms for any remaining balance. In either instance, it’s better than the outcome of a foreclosure.

WHY DO A SHORT SALE?

While a foreclosure stays on your credit history for years (up to 10 in some cases), a SHORT SALE permits your credit rating to bounce back more quickly. A foreclosure can prevent you from purchasing a home for years, a SHORT SALE is exactly that…a sale of your home rather than repossession.

I’ve taken several courses on selling SHORT SALES and have worked for both buyers and sellers of SHORT SALE properties. This experience has taught me the unique angles of working with lenders to provide a win for both sides.

Before you call your lender and/or your lawyer, call me at 417-841-1101 and let’s see if we can work your way out of this situation.

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Welcome to Springfield, MO ... what a great place to live!

Thanks for visiting my website, www.rickrichardson.net. You are always welcome to look at all of the most recent listings for Springfield and the surrounding areas -- Ozark, Nixa, Rogersville, Republic, Willard & Strafford . I realize that you are probably in the information gathering stage and may not be ready to “open up” about who you are or what your needs are at this time. Be assured that this is perfectly OK and that I’ll respect your online privacy. And if you would like other recently updated real estate information, you can visit MY BLOG.

As you’ve probably noticed, there’s a great selection of inventory in our market today. And the current mortgage rates are terrific. Southwest Missouri is quite often insulated from the economic woes that affect other parts of the U.S. The truth is that so many of the things that happen on the east and west coasts never affect our part of the country. We aren’t being run over by foreclosed properties. Home prices haven’t dropped precipitously. The sky is definitely not falling!!!

Are you relocating to the Springfield area and want to know more about Springfield, MO demographics? Would you like more information on what's going on in Springfield?

So what does all this mean to you? If you’re looking to buy a home and/or sell your existing home, don’t panic. However, proper pricing has never been more important than it is now, whether you’re buying or selling. Make sure you have an expert at your side when you’re ready to make this important move.

I’ve been assisting buyers and sellers in and around Springfield for over 15 years. I make it a practice to pay attention to the numbers, to what the market is telling me, not what the media says.

When you’re ready to explore your real estate needs or would like more information on relocation to our area, please know that a qualified, full-time professional is waiting to assist you. And, if you’d just like to know what the market is saying, don’t hesitate to give me a call or drop me an email.

Again, thanks for visiting and please know that this is your one stop for all the listings in Springfield and the surrounding area.