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A Fifth Common Northeast OH Short Sale Myth: The Property Cannot Already Be In Foreclosure

Northeast OH – As you can see some of the so called short sale experts online don’t know a lick about short sales. This article was on a finance site.

But, there were almost 300 comments, many from homeowners who were considering a short sale. Now, I don’t pretend to know everything about short sales.

But, I do know that you can short sale your home even if it is in foreclosure. How do I know this? Because I’ve helped homeowners short sell their home. Guess what?

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Their home was in foreclosure before we started the short sale process. Some people have even short sold their home after it had been foreclosed upon.

Now, I’m sure you are thinking, “But, that can’t be possible. The homeowner doesn’t even own the home anymore. They don’t have the right to sell it!”

This can be done in a state where the homeowner has the “right of redemption.” For example in Alabama, a homeowner has 12 months after foreclosure to “repay the balance due and keep their home.”

The sad reality is that this rarely happens. In today’s world credit is such an important part of getting a loan. If your house has just been foreclosed upon, then you will find it very difficult to get a loan to buy your house back from the bank.

But, these people can short sale their home during the 12 month “right of redemption” period. I know other realtors who work in “right of redemption” states.

They do short sales during the right of redemption process. The banks handle it like any other short sale. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at iandymorris@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (440) 348-5500

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Northeast OH loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Andy Morris.

Andy is a Real Estate Broker at Realty Trust Services.

Phone: (440) 348-5500. iandymorris@gmail.com.

View My homes for sale at www.rtserve.com.

Andy Morris specializes in loan modification assistance and short sales in Northeast OH. Northeast OH Modification Help, Northeast OH Short Sales, Northeast OH Short Sale Realtor, Northeast OH Short Sales. Northeast OH Realtor, Northeast OH Stop Foreclosure, Northeast OH Foreclosure Prevention, Prevent Foreclosure Northeast OH, Northeast OH Foreclosure Defense, Northeast OH behind in Payments.

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