Wasilla AK Homeowner: Do Not Believe The Myths You May Have Heard About Short Sales

If you currently are in a situation where you must sell your Wasilla home and you owe more than what it is worth to sell, a Wasilla short sale can be a solution to your problem. Many myths have evolved over time, but understanding the reality is a way to help yourself.

Seven common short sale myths are:

1. Wasilla AK Short sales are impossible and never get approved. It is true that short sales are more difficult but they are not impossible. A Certified Distressed Property Expert has extensive training to help homeowners in distress.
2. Wasilla AK Banks Don’t Accept Short Sales. In reality, banks are doing whatever they can to avoid a foreclosure, so short sales may be more favorable. Not easy, but more favorable.
3. You must be behind on your Wasilla AK mortgage to negotiate a short sale. Many lenders today focus on verifiable hardship, monthly cash flow shortfall and insolvency – not just people in default.
4. Wasilla AK Buyers Avoid Short Sales. Many agents report that buyers call them looking for short sales. Short sales are becoming synonymous with a “good deal”, specifically with international buyers.
5. Listing your Wasilla AK home as a short sale is embarrassing. Recent estimates state that 1 out of 5 homeowners in the U.S. is in this situation. You are not alone!
6. Wasilla Banks prefer to foreclose. Banks do NOT want to foreclose. Banks, investors and the federal government have all publicly stated that if a person qualifies for a short sale, then the deal needs to be considered.
7. There is not enough time to negotiate a Wasilla short sale before my foreclosure. Many lenders today will stall a foreclosure up to the final day of the process, with a legitimate contract.

For more information about short sales go to About website. And for Mat Su Valley AK Homes please think of the Kristan Cole Team today!