short sales slowing down in baltimore, md

Are Short Sales Slowing Down in Baltimore?

Heise & Heise, LLP is a Baltimore-based law firm that has been assisting property owners in Maryland and the District of Columbia with short sales since 2010. Over the past twelve months, we have noticed a slowing in the number of short sale inquiries and short sale clients at our office. The biggest driver of the reduced number of inquiries and engagements is the improving local real estate market and the strong appreciation in home values. These two factors have made a short sale less of a necessity for many people. We can candidly say that we have never been happier to have less business as this means that many people are enjoying a healthier financial condition. 

However, short sales will continue to have a roll in some peoples’ lives for the foreseeable future for a variety of reasons.

Reasons for a Short Sale in Baltimore

  • loss of employment
  • job relocation
  • change of marital status
  • death in the family
  • unexpected health issues

Unfortunately, those individuals experiencing one of the hardships above do not have the luxury of waiting for continued appreciation to erase any prior reduction in value their home. If you are experiencing any of the hardships above and are considering letting your property go in foreclosure or declaring bankruptcy, please call us at (410) 394-9504 or contact our firm before doing so for a free consultation.  

 

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