We all hear these terminologies, Short Sales, Foreclosures, Pre-forclosure, Bank Owned Loan Modification , and it's very easy to get confused, which makes it more frustrating and stressful to a homeowner that is in NEED TO DO A SHORT SALE.
A short sale really isn't something to fear, in fact, when a homeowner is educated as to the meaning and the stages of a short sale, they welcome it. If a short sale is done CORRECTLY it is a wonderful burden taken off a financially distraught homeowner.The course and the certificates that an Agent receives is a good indication if that Agent is able to help guide that homeowner in the right direction.
There are so many myths vs facts which makes for a lot of homeowners to lose their homes.
With all the years that I've sold Real Estate and with my Designation of being a Short Sale Agent, it seems that I never grow a thick skin when I see that a homeowner has lost their home, and walks away owing so much money. Knowing that I have the, education, the tools and the experience, I just wish I could've been able to give them a fighting chance.
The questions of all those myths and facts vary from...
Is it too early to start a short sale, how long does a short sale take, how long can I stay in my home, if I am NOT BEHIND ON MY MORTGAGE can I still fit into the criteria of having the bank accept a short sale, what does the word short sale mean, do I owe money, do I pay money, can I get money at the closing from any proceeds on the short sale?.....
These are only a few questions that many homeowners are asking, not even to mention the foreclosures, pre-foreclosures, bank owned and loan modifications.
So in "short", don't hesitate to ask question, if you ever heard the expression, "theres no stupid question" this surely applies to that statment. The right Agent, a little education and the ability to see the reality of things, you may be surprised that there is a chance of you getting a major burden off your shoulders.
I hope to hear from anyone that can use my assistance, help is only a phone call away. 917-829-1402
To see more of my blogs like Short Sales, Foreclosures, Preforclosure, Bank Owned, Loan Modification-When is the "right time" for a short sale-you can visit me at: cathycataletto.com
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