The Finish Line – Another Short Sale Closing – Springtown TX

Another short sale closed! The sellers avoided foreclosure, the buyers purchased a nice home at a discount, and the lender did not have the losses involved with a foreclosure.

The Finish Line - Another Short Sale Closing - Springtown TX

Copyright 2010 - Imaged2Sell

Many people feel that the nation’s economy rises and falls with the housing market. While this is often true, we believe the current housing crisis is a direct result of the economic downturn and massive job loss across the nation.

In the Short Sale community, the vast majority of homeowners did not get a bad loan or buy more house than they could afford; they’re just good, hardworking Americans who fell on bad times.

All indicators point to Short Sales being on the real estate horizon for the foreseeable future, at least through 2012, and maybe longer. Industry experts see another wave of distressed homeowners surfacing when the once popular Pay Option Adjustable Rate Mortgages (ARMs) begin to adjust in the coming months.

These mortgages allowed the borrower to essentially “pick a payment” that fit their budget in order to get into the house they wanted to purchase. These loans have the potential to negatively amortize and the rate will adjust upward – it’s just a matter of time. Pay Option ARMs were widely used in California and will begin adjusting soon.

We encourage homeowners across the United States to get educated on the options available should they become financially distressed. Short Sales are a great tool, providing relief to all parties.

Just remember to choose a REALTOR® with a proven Short Sale track record to negotiate on your behalf. Making the right choice can mean the world of difference to your financial future.

Homes For Sale – Springtown, TX – 129 Plantation Oaks

Homes For Sale - Springtown, TX - 129 Plantation Oaks

5 Bedrooms | 2.1 Baths | 2-Car Garage | 2444 SF

Homes For Sale – Springtown, TX. Custom country living on acreage with easy access to the city. Gourmet kitchen with concrete countertops overlooks family room with fireplace. Downstairs master suite with jetted tub, separate shower, and large walk-in closet. Extensive updating including hardwood floors, bathroom tile, and designer paints. 5th bedroom could be second master or another living area. Mud room connects garage and main house. Back yard is perfect for entertaining. 

Click here for current status, pricing, details and photos.

Source: NTREIS | Photo Credit – Tom Branch