Myth #6 – The 7 Most Dangerous Short Sale Myths

The Mountain Life Team Blogger May 12, 2010

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 #6 – Banks Are Waiting On A Bailout And Not Accepting Short Sales

You may have heard this, but the reality is that banks (and the U.S. government) are trying to do anything they can, within reason, to avoid foreclosing on properties. It is preposterous to believe they would deny a short sale in hopes that some future legislation would pass and pay them for losses.

Today, more banks are aggressively pursuing short sales and working with agents who understand how to process them. Freddie Mac recently hosted a national training Webinar for real estate agents where they expressly stated the organizational goal of “eliminating distressed assets through modification or short sale.”

Please Come Back To “The Porch” Soon For The Last Short Sale Myth

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 assistance that I can.

Related Articles that you may be interested in reading:

Myth #1 – The 7 Most Dangerous Short Sale Myths

Myth #2 – The 7 Most Dangerous Short Sale Myths

Myth #3 – The 7 Most Dangerous Short Sale Myths

Myth #4 – The 7 Most Dangerous Short Sale Myths

?Myth #5 – The 7 Most Dangerous Short Sale Myths

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