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The Seven Myths of Short Sales

The Seven Myths of Short Sales:

1) The Bank Would Rather Foreclose Than Bother With A Short Sale.

2) You Must Be Behind On Your Mortgage To Negotiate A Short Sale.

3) There Is Not Enough Time To Negotiate A Short Sale Before My Foreclosure.

4) Listing My Home As A Short Sale Is An Embarrassment.

5) Short Sales Are Impossible And Never Get Approved.

6) Banks Are Waiting On A Bailout And Not Accepting Short Sales.

7) Buyers Are Not Interested In Short Sale Properties.

I have never before seen the amount of misinformation available to the public as I have seen recently. Foreclosure and short sales can be complex traansactions requiring a knowledgeable and professional team to assist you.

For more informaation, please visit my website at:

http://www.PeaceofMindinParadise.com

Patrick Casey, CDPE (Certified Distressed Property Expert)

Posted by Patrick Casey on 10/31/2009 07:06 PM

Comments (3)

Short Sale in the ActiveRain Channel

short sale, foreclosure, miami, miami beach, deed, agent, real estate, 1099

This post has been included in Florida Information Miami-Dade County, FL Information

3 Comments on The Seven Myths of Short Sales

OCT

Patrick, you are so "spot on" with this information. Thank you for posting it and hopefully, the word will get out .... the right way!

Patrick, You are right about this. Most consumers have no idea what is involved in purchasing a short sale or foreclosure. Long and Foster has a relationship with Platinum Group LLC which helps agents with short sales and the agent pays Platinum $250 at the closing table. I think it would be well worth the money to use them.

NOV

Patrick this is a great post, it would be great to put this on a postcard and mail it out. Thanks for the post!

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