Short Sale as an Alternative to Foreclosure

Beginning April 5, the Obama administration will encourage delinquent borrowers to avoid
foreclosure and instead give up their homes in short sales by streamlining the process.

The program will offer cash payment to the homeowner, as well as to the servicer and second-lien
holder; and protect borrowers from future lender lawsuits for the unpaid mortgage balance.

To curtail fraud, lenders will have to consult real estate practitioners to assess home value and minimum
acceptable offer; they then must accept any offer that is equal to or higher than that.

Source: The New York Times, David Streitfeld (03/08/10

Homeowners facing foreclosure have alternatives:

If you are in a position where foreclosure is inevitable, do not wait until it’s too late. Call for a free
consultation to find out if a short sale is right for you or visit: SNHhomeSales.com to
review the top 10 steps you must know and follow to give yourself every possible advantage before
making the short sale decision.

If you are thinking of buying a home, please call me at 603-821-8268 to schedule a free
consultation or Click Here for the Buyer’s Sign-up Form to schedule an online request.

Visit Free Buyer Reports for information on buying and relocating including
the 6 costly mistakes home buyers can avoid.

Go to Free Seller Reports for information on selling your home
including 7 mistakes to avoid when selling your home and 21 home selling tips.

Every home has its own plusses and minuses. If you would like to know how the
value of your home compares, feel free to send me an email or visit: NHhomeValues.com to
have a free computerized Market Evaluation sent directly to your email.

Posted by Neal Harrington on March 12, 2010 at 06:55 PM

About Neal Harrington
I specialize in representing my clients in the purchase and sales of single-family homes and income
properties within Southern New Hampshire and Northern Massachusetts.

I have been a real estate broker in New England since 1992 and am currently licensed in both New
Hampshire and Massachusetts. I continuously update and hone my skills through continuing
education and personal research in order to provide quality service to homeowners and future
homeowners alike.

I am continuously improving my marketing skills and have adopted a strong commitment to service.
This has proven to be a successful combination within the real estate community for many
years.

As an associate Broker with Re/Max Properties, I provide free consultations with all home buyers and
sellers I work with in order to determine the best course of action for their needs and to provide a
“road map” to carry out that course of action.

Call or e-mail to schedule a consultation in order to determine your next course of action and to provide
you with that road map to help you find your way to your next home.

As of 02/09/12 the Neal Harrington RePage is ranked at 31 with 32,605 points.

Local Information for Nashua, NH

Latitude: 42.751038 -- Longitude: -71.480817

ZIP Codes for Nashua, New Hampshire	03060 03061 03062 03063 03064
Area Code for Nashua, New Hampshire	603
Time zone for Nashua, New Hampshire	EST

Other Area Cities: Nashua, NH Manchester, NH Amherst, NH Brookline, NH Derry, NH Hollis, NH Hudson, NH Londonderry, NH Milford, NH Pelham, NH

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Nashua is a city in Hillsborough County, New Hampshire, USA. As of the 2000 census, Nashua had a total population of 86,605, making it the second largest city in the state after Manchester. As of 2005, the population is estimated to be 87,986.[1]Built around the now-departed textile industry, in recent decades it has been swept up in southern New Hampshire's economic expansion as part of the Boston region. Nashua was twice named "Best Place to Live in America" in annual surveys by Money magazine.[2] It is the only city to get the No. 1 ranking two times—in 1987 and 1997. The median income for a household in the city was $51,969, and the median income for a family was $61,102. Males had a median income of $43,893 versus $29,171 for females. The per capita income for the city was $25,209. About 5.0% of families and 6.8% of the population were below the poverty line, including 8.7% of those under age 18 and 6.4% of those age 65 or over. -- Source: Wikipedia.com

New Hampshire 2000 Census Population Profile Map

	Nashua	New Hampshire	United States
Population	86,605	1,235,786	281,421,906
Median age	35.8	37.1	35.3
Median age for Male	34.7	36.4	34
Median age for Female	36.9	37.8	36.5
Households	34,614	474,606	105,480,101
Household population	85,202	1,200,247	273,643,273
Average household size	2.46	2.53	2.59
Families	22,083	323,651	71,787,347
Average family size	3.05	3.03	3.14
Housing units	35,387	547,024	115,904,641
Occupied units	34,614	474,606	105,480,101
Vacant units	773	72,418	10,424,540

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Short Sale as an Alternative to Foreclosure

Local Information for Nashua, NH

Latitude: 42.751038 -- Longitude: -71.480817

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