April 15, 2008
How long do short sales take?
If you know about short sale or short selling, then you're probably behind in your mortgage payment. If you're studying and gathering information about short sale then you have come to the right place.

You have to consider first if you are qualified for a short sale. Your property (house) should be worth less than the value of your loan. The said property should have dropped in value. Your mortgage should be in default or in verge of default. You must be able to show that you are no longer capable of paying your loan and that you don't even have assets to satisfy this loan.
Just be sure to understand that short sales will not make you any money or even save your equity. That is not the purpose of a short sale. Our objective here is to sell your house as fast as possible to get you out from under your mortgage and avoid paying for an expensive foreclosure proceeding.
Normally, with the real estate market today, it's almost impossible to sell your house at true market value since it's old property. With short sales, it's possible that you can be able to sell your house within 30 to 45 days. With my Mortgage Relief Formula, I can teach you how to sell your house for as fast as nine days rather than months.
Your lender has no ethical or moral obligation to agree to a short sale. But remember, your lender would rather not enter a foreclosure proceeding. Foreclosures can be much more expensive for them. Not to mention that they'll get your old property back and they will have to shoulder the expenses of having to sell it again.
When you opt for a short sale, you're doing your lender a favor. You are the one who will shoulder the responsibility of looking for a buyer. Just show your lender that you're qualified for a short sale and give them a good price. They will more than likely to agree because lenders are in the business of gaining money and not losing them.
For more information about the ins and outs of short sale and short selling, sign up for my email exclusive email newsletter. You'll get juicy information and news about real estate short sales. You will also get my special 25 page insider report about short sales, protecting your credit, how to sell your house in nine days and a lot more inside knowledge.
And watch this video on short sales and foreclosures. This is a screen shot — just type in your email and I'll get you to the real video. Thank you.

1 Comment on How long do short sales take? »
November 7, 2008
Rhonda Byrd @ 4:10 pm:
looking forward to hear about info.