No Qualifying Needed to Short Sale! If you can’t make the Payments you can sell your home using a Short Sale.
We received a call from one of our “bloggers” asking us what they need to qualify to Short Sale their property.
Within a few seconds of speaking with this seller, it was clear that she was giving misinformation by not 1…but 3 separate Real Estate agents. She was told that the only way she would sell her property was to be late not 1 month, but multiple months before the bank would be motivated to approve a short sale.
We are sorry that these agents are out there, but we can help all the clients they are misleading.
Answer: You do not have to be late to “qualify” for a Short Sale. It doesn’t take a rocket scientist to understand that the real estate market is in dire straits. Banks are glad to accept a Short Sale –vs- the alternative…FORECLOSURE! A few things to remember…you can’t be rich, have multiple vacation homes or a garage full of exotic cars. You need to be experiencing a “financial hardship” as many of our fellow Americans are facing today.
Tune in for more Short Sale Myth Busters…Thanks for blogging!
