Thursday, January 20, 2011 11:25 AM
Tom Day
Short Sale Myth #3 – There is Not Enough Time to Negotiate a Short Sale Before My Foreclosure
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.
If you have questions or feel you may qualify for a short sale, 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 #4 – Listing My Home as a Short Sale is an Embarrassment.
Tom Day, Remax in Motion
www.TomDayProperties.com
