Pre Foreclosure Short Sale: Do I Have To Leave The Utilities On?
By Dave Halpern, Louisville Short Sale Expert
(Dave Halpern Real Estate Agent, Inc., Louisville, KY (502) 664-7827)
If the sellers already moved out, should they spend their scarce financial resources to keep the utilities on? Let’s backtrack for a minute. A short sale is a dignified and financially advantageous way for homeowners to avoid foreclosure. The lender accepts an amount SHORT of the amount owed and usually forgives the shortfall. Therefore the underwater homeowner SELLS their home and doesn’t LOSE their home. So, a successful short sale is the goal. Keeping the utilities on is a good idea because: It makes the house easier to sell. When potential buyers walk through the house it will be more inviting and attractive. The house will have more light, the house won’t be oppressively hot or freezing cold. Buyers get less concerned about hidden problems, because they can see more. It also makes ...
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