A Short Sale can be an excellent solution for homeowners who must sell and owe more on their homes than they are worth. Unfortunately, a number of myths about short sales have developed, and it is important to understand the reality of this process should you find it meets your current needs.
Myth #3 – There Is Not Enough Time To Negotiate a Short Sale Before My Foreclosure
This is a myth that probably hurts homeowners the most. Many do not realize that Foreclosure is a process, and that there is time to make decisions that may result in better outcomes.
The foreclosing party—in most cases a lender—can stall a foreclosure up to the final day of the process. Today, many lenders will stall a foreclosure with as little as a phone call from you explaining that you are trying to sell, and almost all lenders will stall a foreclosure with a legitimate contract. For real estate professionals who understand foreclosures and Short Sales, there is time available until the Foreclosure process is complete.
Please Check Back Soon On “The Porch” For Myth #4
Please Contact Me, or call me NOW at 706.994.8686 if you, or someone you know is struggling with their mortgage. I will be more than happy to offer any and all assistance that I can.
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