The “Longer Version” of “Short Sales” Part One…
When I meet with a client for the first time who is considering loan modification, one of
the first things I ask them is about their hardship and their current financial situation.
We evaluate their position and ascertain whether they really want to stay in their home or
not. We look at the present value of their home and compare that to the outstanding loan
balance(s). If they are really upside down and do not have a strong emotional tie to the
house, I recommend that they look to “Short Selling” their home.
Current market conditions in Southern Nevada, along with the realization that unemployment
is rising, and more ARM re-sets are on the horizon…we are a long way from an economic
recovery. “Foreclosure” and its negative impact on a person’s financial profile is not a
good option…“Short Sale” is!
Over the course of the next couple of posts I will discuss different pertinent questions
that frequently arise concerning “Short Sales”.
It is important that clients have a clear understanding to that they can make the best
decision. This is Empowering!
Being an entrepreneur has given me a deep appreciation for individuals who are success oriented and never give up. The drive to always “push through” is a trait of successful people.
I have been fortunate to associate myself with many successful individuals over my life. It began with my father who instilled in me the ability to step outside of the box…to create something out of nothing. He taught me the importance of integrity in business...traits that I have incorporated into the various business models I employ.
I spent the first ten years of my career in the medical field. I worked side by side with amazing individuals who put their own self-interests aside in order to nurture others back to good health. Many times I witnessed life and death situations. It was always humbling to experience the team-work that evolved around trying to save a lives.
As my career path evolved into the business world, not only could I bring those experiences into my persona, I saw a need to spread information…real information for real situations. A close friend of mine began to mentor me in aspects of blogging. He has given me incredible insight into how a blog should be developed…how to focus my passion for helping mentor people to becoming successful entrepreneurs. This passion for mentoring others began when I was a young child and continues today. It is not about me, but rather those who have influenced my life.
I am a work-out addict and a real “ski dog”. Sorry guys and gals…I do not “ride”. I live for deep powder and steep chutes. I love the feeling of looking over the edge of a steep run…feel my heart beat faster with that adrenaline rush and then “jump in”. I love golf…but I always wonder if I will ever break 100…lol! Most of all, I love my wonderful family…they are the best! Thanks for stopping by and I hope you feel empowered today.
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Martin Casper
