Jeremy Smiley - Realtor and Short Sale Specialist with London Properties
Must watch video:
Here is the bottom line…according to this professor..not only has the negative social stigma of a foreclosure gone away…but, now doing a strategic default (short sale or foreclosure) is seen as being financially smart…
What’s YOUR opinion? Please comment below.
About Jeremy SmileyJeremy Smiley is a life long resident of Fresno CA. He started his real estate career in 2005 after an eight year career in marketing. After graduating at the top of his class at the London Properties School of Real Estate, he quickly earned the “Senior Sales Associate” Distinction. By his second year in business Jeremy had become a Mutil-Million Dollar Producer. At the end of 2007 Jeremy saw the pending real estate decline and decided to jump ahead of the wave of foreclosures and become a "Short Sale Specialist". Since then Jeremy has helped countless families avoid foreclosure and save their credit. Jeremy puts it best when he says "I'm saving our economy and community one family at a time."
My opinion is the banks should really strive to offer loan modifications and short sales. But if the homeowners make a decision to just walk away without attempting a loan modification or short sale there should be HUGE consequences to pay.
I agree. I blogged about it as well. Seems to me the responsible thing to do is ride it out or work out a deal.
Yes, give it your best try to work something out. Then as a last resort do a short sale.