Elk Grove Short Sale-Short Sale FAQs
When it comes to Elk Grove short sales, there are a lot of myths floating around. When considering an Elk Grove short sale, you need to know the facts:
Myth #1 – The Bank Would Rather Foreclose than Bother with a Short Sale
The banks don’t want to foreclose on your Elk Grove home because the foreclosure process is very costly. Recently the banks have stated that if a person qualifies, a short sale needs to be considered. Banks receive more from a short sale than a foreclosure. Some qualifications include financial hardship, monthly income shortfall, and insolvency.
Contact an Elk Grove short sale expert to see if you qualify.
Myth #2 – You Must Be Behind on Your Mortgage to Negotiate a Short Sale
This is often untrue. Banks want to be notified if you feel you may soon get behind on your mortgage payments. Any delay could limit your options. Do not wait until the countdown clock to foreclosure has started and you have even less time left.
Myth #3 – There is Not Enough Time to Negotiate a Short Sale Before My Foreclosure
Most lenders will stall a foreclosure, even up to the final days, if an Elk Grove short sale agentsubmits an offer. For Elk Grove real estate agents who understand foreclosures and short sales, there is time available until the foreclosure process is complete.
Myth #4 – Listing My Home as a Short Sale is an Embarrassment
You are not alone. One in eight Elk Grove homeowners are in the same situation. Find an Elk Grove short sale expert who can help you short sale your home and work with you towards a solution.
Myth #5 – Short Sales are Impossible and Never Get Approved
Two years ago, this was true. Not anymore. Short sales are more difficult sales for Elk Grove short sale agents but they are in no way impossible. More and more short sales are being approved everyday.
Myth #6 – Buyers are Not Interested in Short Sale Properties
I get calls from Elk Grove buyers who are specifically looking to buy a short sale. Short sales are serious candidates for home buyers because the property is often in much better condition than a foreclosure and listed competitively.
Listing with an experienced Elk Grove short sale agent who is educated in the short sale process will provide you with a great chance of quickly seeing a short sale offer, negotiation, and bank approval.
Do you Qualify for an Elk Grove Short Sale?
Elk Grove Short Sale-Short Sale FAQs
Posted by Allan Sanchez Elk Grove Short Sale Agent www.AllansHomes.com Elk Grove Real Estate
Leave a Reply