Another Common Myth About Short Sales: You Have To Be Behind On Payments Before Your Lender Will Approve A Short Sale

Another Common Myth About Short Sales: You Have To Be Behind On Payments Before Your Lender Will Approve A Short Sale

This is a common myth that is promoted by people that do not understand lenders or the foreclosure process. However, it’s not true.

Many homeowners have short sold their home and never missed a payment. The lenders will approve a short sale where the seller has not missed a payment when the following is in place.

1. The homeowner owes more on their home than it is worth.

2. The homeowner has a verifiable hardship that will force them to miss their payments in the near future.

In these cases, the lenders know it is better to liquidate the home as quickly as possible. A faster sale will reduce their losses on interest and property taxes.

In addition, an owner occupied home usually sells for much more than a vacant home. Sure, the lenders don’t like short sales.

They hate losing money. (Don’t kid yourself.) But, they know that when a loss is inevitable, then it is best to do what they can to reduce the loss as much as possible.

That is why they will approve short sales when the homeowner hasn’t missed a payment yet. In fact, they will probably even negotiate loan modifications with homeowners who haven’t missed a payment either. Thinking about a short sale?

Find out how much your home is worth.
Free House Value   Click here*      http://instantbizsites.com/VaughnRice/house-value

ImageShort sales can drag out giving you time. It takes maybe sometimes a month to sell the house. Then, the short sale negotiations start. They can drag out for 3-6 months. So instead of foreclosure here is what you should do.

Here is a tactic you can use to delay the foreclosure process and even stop a foreclosure sale. Stop Your Foreclosure With A Short Sale  Click here * http://instantbizsites.com/VaughnRice/stop-foreclosure

Image Discover how other sellers successfully completed a short sale and request a free consultation by clicking here *http://www.isellyourfloridahome.com/#!contact/c15n8

Thinking about a short sale? I can help you short sale your property and get back on your feet. Send me an e-mail at c.mrvaughn@gmail.com  I will contact you for a free consultation. Click Here * Image
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 813-679-3477 or visit at http://www.isellyourfloridahome.com/

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here *
http://www.isellyourfloridahome.com/#!contact/c15n8

Helping you sell & buy homes in Tampa, Brandon, Riverview, and Valrico. . The Tampa bay area.

Thanks for reading this, Vaughn Rice.

Vaughn is a Real Estate Agent at Quicksilver Real Estate Group.
E-mail:  c.mrvaughn@gmail.com or visit at http://www.isellyourfloridahome.com/
Phone: 813-679-3477. Click Here*Image

One You Can Trust To Serve You

View My Office homes for sale at   http://companylistings.drshortsale.mfr.fusionmls.com/

Vaughn Rice specializes in assistance  with  short sales in Tamp Bay Area of Florida

Vaughn Rice, Quicksilver Real Estate Group is 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. I can offer you loan modification information.

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 Vaughn’s personal views and do not reflect the views of Quicksilver Real Estate Group.

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here *
http://www.isellyourfloridahome.com/#!contact/c15n8

Helping you sell & buy homes in Tampa, Brandon, Riverview, and Valrico. . The Tampa bay area. E-mail:  c.mrvaughn@gmail.com or visit at http://www.isellyourfloridahome.com/
Phone: 813-679-3477   Click Here *Image
This information on Short Sales: Another Common Myth About Short Sales: You Have To Be Behind On Payments Before Your Lender Will Approve A Short Sale  Is provided as a courtesy to our viewers to help them make informed decisions.

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