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Your Credit Score Doesn't Define You -The Short Sale Decision

By
Real Estate Agent with Group 4610 Network

Welcome to another edition of Mindset Monday. First, we would like to tell you about a great experience that we had last week. We had the opportunity to give a free live seminar to home owners. The seminar was specifically to help home owners understand how the short sale process works. There is a great deal of misinformation out there. So, we tried to provide a little truth to these home owners.

This seminar got us thinking. There is something that we say throughout our classes and we tell home owners. However, we haven't discussed the topic on shortsalepowerhour.com. That point is simple.

"Your credit doesn't define you!"

What does that mean and why do we say it? Yesterday was a great example. In talking with home owners, the first thing they stated was that they had never missed a payment in their life. These people understand that they need to do a short sale. They are afraid to miss payments because it will damage their credit score.

People associate their worth to their credit score, as if paying their mortgage makes them a good person and not paying their mortgage makes them a bad person. Agents need to keep this in mind. It is a great way to soften the blow of facing this difficult decision.

Your credit should never rule your life. As a society we have been programmed to believe that we need to have great credit scores and we need to charge everything. The wealthiest people in the world don't use credit to define who they are. We could all learn something from them.

Also, if you are not from the Arizona area but you would like us to come to your area to teach, please fill out the form on our website. We are starting to book classes for the first quarter of 2011.

Do you have questions? Read the Short sale FAQs.

Are you a Realtor? Then get free short sale training by Kevin and Fred at Free Realtor Training on ShortSalePowerhour.com