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Monday, December 6, 2010

Is it too late to Short Sale after my Home is listed for Foreclosure or Sheriff Sale?

      Many homeowners are under the misconception that they can not short sale their property after a judgment in mortgage foreclosure is entered, or a trustee has been appointed. Until the gavel has fallen, it is not too late to try to mitigate your losses from your mortgage default. If you are considering a short sale than contact a Realtor who is familiar with the process, and do not try to short sell your own property. The process is complicated, and in order to get a short sale approved , you need more than just a willing buyer, you need a experienced negotiator who is familiar with your banks procedures, and can work with your Realtor to establish a reasonable  purchase price for the property. If you would like more information feel free to e-mail your questions to me at: sg.primefinancialgroup@gmail.com.