Hi, I’m Jeff Green with The Jeff Real Estate Team here in Central Valley and East Bay. At The Jeff Real Estate Team, we strive to be the best short sale team in the area. We have handled close to 300 short sales and we’d like to help you out if you are in a challenging financial situation and facing foreclosure.
Today I want to discuss whether or not it is ethical to do a short sale. People frequently ask this because they feel as if they made a commitment when they signed their loan, obviously not knowing what financial struggles the future would hold. People often feel guilty about getting their debt forgiven and because of this are unsure if a short sale is really the path they want to choose.
We feel as if there’s no need to feel guilty about doing a short sale. If somebody lends you money and you sign a contract, you have to obey the contract with one exception: the contract has changed. A short sale is an amendment or change in how the lending contract stipulates that the loan will be satisfied. When you conclude a short sale, you are finally free from debt and the bank considers the short sale as satisfactory for settling the debt. There really should be no moral issue because you’ve satisfied an agreement with the bank. The bank is making the opportunity available to you. If you qualify for a short sale, it might be in your best interest to take advantage of that.
If you have any further questions or would like to discuss your specific situation with us, please feel free to check out our website for additional resources or give us a call. The Jeff Real Estate Team is here to help you get out of debt, avoid foreclosure and short sell your home.
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About Jeff Green
Jeff listed and sold his first short sale in early 2006 at the beginning of the Real Estate Recession. While other agents rejected short sales because of their complexity and the work involved to successfully complete them, Jeff embraced them as a rewarding way to help home owners who were facing difficult times.
About Jeff Reyes
Jeff Reyes has been a REALTOR since 2009. In just six short months from starting his real estate career, he dominated the local internet traffic for short sales and started writing a weekly real estate article for the local newspaper. It is Jeff's passion to inform and equip the local community to be able to make smart real estate decisions. Outside of real estate, Jeff's major passions are vacations and his family.
