Wednesday, January 19, 2011 4:07 PM
Tom Day
Short Sale Myth #2 – You Must Be Behind on Your Mortgage to Negotiate a Short Sale
Myth #2 – You Must Be Behind on Your Mortgage to Negotiate a Short Sale
While this may have previously been the case, today lenders are looking for verifiable hardship, monthly cash flow shortfall, or pending shortfall and insolvency.
If you meet these three requirements and believe that you soon may be unable to afford your mortgage, act immediately. Any delay could limit your options. Do not wait until the countdown clock to foreclosure has started and you have even less time left.
If you have questions or feel you may qualify for a short sale and live in Broward County, please contact me for a free consultation.
Understanding your options now could mean all the difference in the world.
Next up is Short Sale Myth #3 - There is not enough time to negotiate a short sale before my foreclosure.
Tom Day, CDPE
Remax in Motion
www.TomDayProperties.com
