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Myth #2 – The Seven Most Dangerous Short Sale Myths

said on April 1st, 2010 filed under: Georgia Mountain Real Estate VIEWS, Mortgage & Finance reVIEWS

A Short Sale can be an excellent solution for homeowners who must sell and owe more on their homes than they are worth. Unfortunately, a number of myths about short sales have developed, and it is important to understand the reality of this process should you find it meets your current needs.

Myth #2 – You Must Be Behind On Your Mortgage To Negotiate A Short Sale

While this may have previously been the case, today lenders are looking for verifiable hardship, monthly cash flow shortfall, or pending shortfall and insolvency.

If you meet these three requirements and believe that you soon may be unable to afford your mortgage, act immediately. Any delay could limit your options. Do not wait until the countdown clock to foreclosure has started and you have even less time left.

If you or someone you may know is struggling with their mortgage in the North Georgia Mountains, please  Contact Me or forward this article to them. I am a Certified Distressed Property Expert in Blairsville, Blue Ridge, Ellijay and Hiawassee Georgia. I specialize in Short Sales and I really do want to help struggling homeowners during these difficult times.

Please Come Back To The Porch Soon For Myth #3

Related Articles:

Myth #1 – The Seven Most Dangerous Short Sale Myths

posted by Chad Lariscy

This entry was posted on Thursday, April 1st, 2010 at 1:43 PM and is filed under Georgia Mountain Real Estate VIEWS, Mortgage & Finance reVIEWS. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1. Myth #3 – The 7 Most Dangerous Short Sale Myths | Blue Ridge, Blairsville Real Estate, Homes For Sale, Georgia Mountains said at April 20th, 2010 at 2:36 PM

   [...] Myth # 2 – The 7 Most Dangerous Short Sale Myths [...]

2. Myth #4 – The 7 Most Dangerous Short Sale Myths | Blue Ridge, Blairsville Real Estate, Homes For Sale, Georgia Mountains said at April 21st, 2010 at 8:01 AM

   [...] Myth #2 – The 7 Most Dangerous Short Sale Myths [...]

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