There are so many myths about short sales. Here’s a very common question with an answer that will probably surprise you:
#2 Q: I just missed a payment and I know I will miss more…how long does the foreclosure process take and is there time to do a short sale?
A: The foreclosure process takes differing times depending on your state. Generally speaking a well priced short sale being processed by an educated short sale listing agent will sell and close in less than 120 days.
We’ve taken listings that had as little as 7 days before the sale was to take place, and saved the home from foreclosure with a successful sale. Even though it’s never too late, we highly encourage anyone that is struggling with payments and feeling there is no way out, to contact a Short Sale Specialist to discuss listing the property.
Look for Q&A to more Short Sale Myths…Fact or Fiction soon.
