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 #1 –
- The Bank Would Rather Foreclose than Bother with a Short Sale
Myth #2 –
- You Must Be Behind on Your Mortgage to Negotiate a Short Sale
Myth #3 –
- There is Not Enough Time to Negotiate a Short Sale Before My Foreclosure
Myth #4 –
- Listing My Home as a Short Sale is an Embarrassment
Myth #5 –
- Short Sales are Impossible and Never Get Approved
Myth #6 –
- Banks are Waiting on a Bailout and Not Accepting Short Sales
Myth #7 –
- Buyers are Not Interested in Short Sale Properties