http://www.upsidedown-shortsale.com Myth 7 of 7 Buyers are not interested in Buying Short Sale Properties. Thankfully, this is not true. Buyers who believe they can buy a very nice home for less money is always a win win situation
http://www.upsidedown-shortsale.com Myth 6 of 7 Short Sales are Impossible and Never Get Approved!! Most of the time Banks receive more on their investment through a short sale than a foreclosure. So they love to Approve them!
http://www.upsidedown-shortsale.com Myth 5 of 7 Listing My Home as a Short Sale might be Embarassing. One in eight homes owe more on their mortgage than their house is worth.
http://www.upsidedown-shortsale.com Myth 4 of 7 Banks are Waiting on a Bailout and Not Accepting Short Sales. Actually Banks are doing everything they can to avoid Foreclosure
http://www.upsidedown-shortsale.com Myth 3 of 7 You must be behind on your mortgage to negotiaite a short sale. A nicely written hardship letter and proof of hardship is all it takes.
http://www.upsidedown-shortsale.com Short Sale Myth 2 of 7 There is not enough time to negotiate a short sale before my houses Forecloses
http://www.upsidedown-shortsale.com Myth #1 The Bank would rather foreclose on your house than allow a short sale. Banks save 14% by a short sale over a foreclosure. Go to the website link above for more information for homeowners who want to short sale
http://www.upsidedown-shortsale.com Myth#1 The Bank Would Rather Foreclose on Your House Than Allow A Short Sale. This is one of the most common misconceptions. The Banks don't want to Foreclose because its more costly for them than a Short Sale.