Successful Short Sales Benefit Many & Help Stimulate the Economy

Every time a short sale does not close & goes into foreclosure many people & industries that provide goods & services don’t see a penny. This continues the downward spiral to the US economy instead of boosting it. Successful short sales get money moving back into the economy.
Nobody benefits when a home goes into foreclosure. The Bank owns a property they don’t want. The property owner loses any equity they had in the property. They also get a poor credit score, preventing them form making another purchase in the near future. Also neighbors home values depreciate.
Many people benefit from a successful short sale. It doesn’t matter if a real estate investor, landlord, or a prospective homeowner makes a successful short sale transaction. They are putting money back into the economy. This is something the Banks & the government don’t see. Many industries make money with each short sale completed.
 Bank makes more on short sale than on foreclosure
 Realtors & Real Estate Companies
 Lawyers & Title Companies
 Mortgage Brokers & Lending Companies
 Appraisal Companies
 Home Inspectors
 Electricians
 Plumbers
 Contractors
 Hardware & Home Supply Stores
 County, Town, & City Government. Taxes are paid up & tax base increases.
 Insurance Companies
 Neighbors (their home value began to stabilize)
The successful closing of a short sale not only benefits the new property owner. It creates jobs and puts money into local business large & small, that are also involved in the industry. Every successful short sale is putting money back into our economy.