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Short Sales, a Likely Alternative and the 6 Most Dangerous Short Sale Myths

by the zac team @ RE/MAX Greater Atlanta

Greetings,

Do you know of anyone who may be facing financial trouble or foreclosure in today's economy? According to Jobstat, an estimated 92,000 jobs will be lost in Atlanta before this year is out. With these staggering numbers, we feel it's important to equip our readers with useful information and solutions.

Those of us who are home owners know that it would be a nightmare if we or a loved one were to face foreclosing on a home and would prefer to find another alternative.One alternative for foreclosure is short sales. Short sales is selling your property for an amount that's lower than what is actually owed. However, there are many myths surrounding the act of short sales that may detour a home owner.

For example, Myth #1: Short Sales are Impossible and Never Get Approved: This myth couldn't be further from the truth. Although short sales are more difficult they are not impossible. New processes are required for short sales therefore you would need to speak with a CDPE or Certified Distressed Property Expert who has adequate training in short sales.

Myth #2: Banks are Not Accepting Short Sales; They are Waiting on a Bailout: This is another misconception, banks as well as the U.S. government would actually prefer to avoid property foreclosure. In actuality banks are pursuing Short Sales and the agents who comprehend the process.

Myth #3: You Must Be Behind on your Mortgage in Order to Negotiate a Short Sale: Although initially lenders wanted a home owner to be behind in payments before considering a short sale, this trend has slowly faded causing today's lenders to look for verifiable hardship, insolvency, or a shortage of monthly cash flow.

Myth #4: Buyers are Not Interested in Short Sales and Avoid Them: Again this has proven to be untrue in today economy. Short sales are considered GOOD DEALS by buyers. Many agents today are getting calls asking for short sales or foreclosures.

Myth #5: Listing my Home as a Short Sale is an Embarrassment: With 1 out of 5 home owners facing foreclosure today it is actually commendable and definitely not an embarrassment for someone to admit they need help and want to keep their home/property from going into foreclosure.

Myth #6: There is not Enough Time to Negotiate a Short Sale Before My Foreclosure: This is one of the biggest misconceptions out there. What many home owners fail to realize is that foreclosure doesn't happen over night, it is a process. With just a simple phone call from the home owner, a lender can stall a foreclosure with a legitimate contract. You have until the foreclosure process is actually complete; so there is plenty of time my friend.

For more information, please feel free to check out our short sale website www.SavingFamiliesFromForeclosure.com or give Zac a call directly at 404.564.7272.

 

Free Report: Foreclosure Versus Short Sale: Homeowner Consequences

by the zac team @ RE/MAX Greater Atlanta

Many Atlanta and Decatur homeowners don’t realize that a successful short sale is a feasible way to avoid foreclosure. Did you know that your current employment could be at stake if your home goes into foreclosure? Employers have the right and are actively checking the credit regularly of all employees who are in sensitive positions. A foreclosure in many cases is ground for immediate reassignment or termination. However, a short sale is not reported on a credit report and is therefore not a challenge to employment.

 

For your FREE REPORT with a side-by-side comparison chart of short sales versus foreclosure with this information and more, please visit the zac team online at www.SavingFamiliesFromForeclosure.com. You can also request more information and a confidential consultation from our Certified Distressed Property Experts at www.SavingFamiliesFromForeclosure.com or call Zac directly at 404.564.7272.

 

We also invite any of our neighbors who are worried about foreclosure to join us on the first and third Saturday of every month for our “Foreclosure Prevention Initiative: A Community Workshop.” This is a joint effort by the zac team and other local organizations to help our Atlanta and Decatur homeowners avoid foreclosure. We will provide a presentation and a workbook with valuable materials. The workshop begins at 10 a.m. in our office near Virginia Highland. Please RSVP to Jenny by emailing jenny@zac.biz or calling 404.564.7250!

Free Report: The 7 Most Common Short Sale Pitfalls

by the zac team @ RE/MAX Greater Atlanta

A short sale on your home can be a viable option to avoiding the heartache of foreclosure. You want to ensure that you and your family avoid seven common traps that agents and homeowners fall into during this process!

The most common pitfall is pricing a property incorrectly, resulting in more expired and unsold properties. So how do you solve this issue?

For your FREE REPORT with the solution to this and the other six most common pitfalls, please visit the zac team online at www.SavingFamiliesFromForeclosure.com. You can also request more information and a confidential consultation from our Certified Distressed Property Experts at www.SavingFamiliesFromForeclosure.com or call Zac directly at 404.564.7272.

We also invite any of our neighbors who are worried about foreclosure to join us on the first and third Saturday of every month for our “Foreclosure Prevention Initiative: A Community Workshop.” This is a joint effort by the zac team and other local organizations to help our Atlanta and Decatur homeowners avoid foreclosure. We will provide a presentation and a workbook with valuable materials. The workshop begins at 10 a.m. in our office near Virginia Highland. Please RSVP to Jenny by emailing jenny@zac.biz or calling 404.564.7250!

You don’t have to go another day living with the stress and fear of foreclosure! There are options such as a short sale, which can help you sell your home without the damaging and lasting effects of foreclosure!

 

A short sale can be an excellent solution for a homeowner who owes more on their home than what it is worth and has to sell. Unfortunately a number of myths about short sales have developed and it is important you understand the reality of this process if this is a solution that you feel meets your current needs.

Some of these myths are:

You must be behind on your mortgage in order to negotiate a short sale

Listing my home as a short sale is an embarrassment

There is not enough time to negotiate a short sale before my foreclosure

Find out the truth behind these and four other common short sale myths with your FREE REPORT from the zac team. Just visit us online at www.SavingFamiliesFromForeclosure.com to request your copy. You can also request more information and a confidential consultation from our Certified Distressed Property Experts at www.SavingFamiliesFromForeclosure.com or call Zac directly at 404.564.7272.

We also invite any of our neighbors who are worried about foreclosure to join us on the first and third Saturday of every month for our “Foreclosure Prevention Initiative: A Community Workshop.” This is a joint effort by the zac team and other local organizations to help our Atlanta and Decatur homeowners avoid foreclosure. We will provide a presentation and a workbook with valuable materials. The workshop begins at 10 a.m. in our office near Virginia Highland. Please RSVP to Jenny by emailing jenny@zac.biz or calling 404.564.7250!

Free Report: Options and Solutions for Homeowners in Foreclosure

by the zac team @ RE/MAX Greater Atlanta

The current US housing market and national financial crisis has caused untold stress and heartache for many American families. Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. Don’t wait another day! The options for foreclosure are many and this FREE REPORT gives you a brief explanation of these solutions.

Did you know that you may be able to take advantage of a forbearance plan that could temporarily suspend your mortgage payments? Or a repayment plan that allows you to pay back portions of back payments over time?

Find out more about these and other foreclosure avoidance options with our FREE REPORT,Options and Solutions for Homeowners in Foreclosure.” Just visit us online at www.SavingFamiliesFromForeclosure.com to request your copy. You can also request more information and a confidential consultation from our Certified Distressed Property Experts at www.SavingFamiliesFromForeclosure.com or call Zac directly at 404.564.7272.

We also invite any of our neighbors who are worried about foreclosure to join us on the first and third Saturday of every month for our “Foreclosure Prevention Initiative: A Community Workshop.” This is a joint effort by the zac team and other local organizations to help our Atlanta and Decatur homeowners avoid foreclosure. We will provide a presentation and a workbook with valuable materials. The workshop begins at 10 a.m. in our office near Virginia Highland. Please RSVP to Jenny by emailing jenny@zac.biz or calling 404.564.7250!

Free Report: Three Must-Have Qualifications for a Short Sale Homeowner

by the zac team @ RE/MAX Greater Atlanta

While the misconceptions of what qualifies a seller for a short sale are many, the reality is actually very simple. Don’t wait for another day or another missed payment to go by! Find out if you qualify for a short sale and save your home from foreclosure!

In this FREE REPORT, we will explain the three major items that most lenders are looking for to see if you will qualify. The first thing a lender is going to look for in a short sale is that you qualify for a “financial hardship.” This is a verifiable issue that has or will cause you to miss payments or have financial difficulties. These issues can include mortgage payment adjustment, job loss, business failure, etc.

For your FREE REPORT with the definition of “financial hardship” (and to find out the other two must-have qualifications for a short sale), please visit the zac team online at www.SavingFamiliesFromForeclosure.com. You can also request more information and a confidential consultation from our Certified Distressed Property Experts at www.SavingFamiliesFromForeclosure.com or call Zac directly at 404.564.7272.

We also invite any of our neighbors who are worried about foreclosure to join us on the first and third Saturday of every month for our “Foreclosure Prevention Initiative: A Community Workshop.” This is a joint effort by the zac team and other local organizations to help our Atlanta and Decatur homeowners avoid foreclosure. We will provide a presentation and a workbook with valuable materials. The workshop begins at 10 a.m. in our office near Virginia Highland. Please RSVP to Jenny by emailing jenny@zac.biz or calling 404.564.7250!

Displaying blog entries 1-6 of 6

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Photo of Zac Pasmanick  Real Estate
Zac Pasmanick
RE/MAX Metro Atlanta Cityside
600 Virginia Avenue NE
Atlanta GA 30306
Office: 404-564-7272

 

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