You are in a financial bind. You ask people for advice. Did you notice many give advice even though…
- Some have vested interests.
- Some don’t see the full picture, only their narrow area of expertise.
- Some wear expensive suits but have never done a short sale, and think that short sales are too good to be true.
- Some sincerely want to help but don’t know the reality of short sales and how to avoid foreclosure.
- Some can’t imagine your emotional or financial position.
Who are the people who give you advice about avoiding foreclosure and minimizing the damage to your financial and emotional life?
Many of these advisors are well intentioned, but you need to evaluate them based on the five criteria listed above.
- Your lender who is foreclosing on you (are they on your side or adversarial to you?)
- The media
- Bankruptcy lawyers
- Tax attorneys
- Realtors who are friends, family or went to middle school with you, but are not trained in short sales
- Realtor who sold you your home, but is not a short sale specialist
- Realtor with the biggest ad in the Yellow Pages, but has never done a short sale
- Realtor who ranks high in Google, but doesn't know short sales
- A Realtor who specializes in short sales and has a proven track record backed up by a multitude of testimonials from satisfied clients who were saved from foreclosure
The reality is you need a team to help you optimize your position
Your team should include;
- A Realtor who is a short sale specialist who has a proven track record.
- A tax advisor.
- A lawyer who understands debt issues.
Some strategies solve problems but create new ones. Good advisors will help you construct the best options and solutions.
You are the captain of your own destiny but you must get comprehensive and compassionate advice.
I wish you the best in this most important decision. If you are in the Louisville area, please call me any time, any day of the week at (502) 664-7827