Common Short Sale Myth: Short Sales Are Difficult And Banks Never Approve Them...

Real Estate Agent with United Realty Group

Miramar FL – The Stop Foreclosure Institute recently talked to a homeowner whose home had been sold on the courthouse steps.

We asked if she had considered selling the home as a short sale. “I did, but I heard that short sales are difficult and not worth trying. My friend told me that the banks never approve them”, she told us.

Get my Free, Step By Step Loan Modification Guide by clicking here.

After we got off of the phone, we reviewed what she had lost. She lost the opportunity to protect her credit and to be able to buy a home 3 years after the short sale sold.

Now she will have greater credit damage and will have to wait 5-7 years to buy another home. Ouch! All of this could have been avoided if she had known the truth about short sales.

Yes, short sales are approved by banks. Bank CEOs and the people who invest in mortgages prefer them over a foreclosure. Why?

Because the average short sale reduces the lender’s loss by 20-40% compared to a foreclosure. They want to reduce their losses as much as possible.

The banks are just having a hard time handling the huge increase of short sales caused by the housing crisis. But, don’t kid yourself. They wouldn’t be approving any short sales unless there was a big benefit to them financially.

They have analyzed the market and see short sales as a viable way to reduce their losses as much as possible.

Thinking about a loan modification? Our Miramar loan modification kit will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at to request a Free Copy.

Or, click here to request a copy.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (954) 214-7806.

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

For more details on short sales and to learn how you can be represented by a law firm in your short sale negotiations with no out of pocket expense to the homeowner, buyer or seller, visit

Thanks and God Bless...

Scott Auten, CDPE

Scott is a Real Estate Agent at Florida Elite Homes. Miramar Short Sales Realtor:

Phone: (954) 214-7806.

Not sure if your home is worth less than you owe on it? Get an instant market analysis of what homes are selling for in your neighborhood. It's easy, instant and FREE! Simply fill out the form below and you'll receive a detailed report within minutes!

Scott Auten specializes in loan modifications and short sales in Miramar Florida. Miramar Loan Modification Help. Miramar Short Sales. Miramar Short Sale Realtor. Miramar FL Short Sales. Miramar Realtor.

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Important Notice

Scott Auten, Florida Elite Homes, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Scott Auten's personal views and do not reflect the views of Florida Elite Homes.

This information on Common Miramar Short Sale Myth: Short Sales Are Difficult And Banks Never Approve Them is provided as a courtesy to our viewers to help them make informed decisions.

Comments (1)

Faith LaRosse
Springer Realty Group - Limerick, PA
Serving Berks, Chester & Montgomery Counties

These days if you aren't considering short sales, you have pretty much eliminated 1/3 of the market!  Good info...

Jun 18, 2011 04:46 AM