Short Sale Myths…and Facts Part 2 Helping Florida homeowners

by Rodney Forbes on August 15, 2009

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The topic of short sales and foreclosures seem to dominate the headlines everywhere. There has been a lot written about short sales and whether you should or shouldn’t short sale your home if you’re in this situation. This has led to many misconceptions about short selling your home.

This series is about the myths regarding short sales. Caveat: The rules regarding short sales are different for every lender and are changing all the time as the market changes. ALWAYS consult a real estate attorney and a CPA regarding the particulars of short selling.

Short Sale Myth #2:

Short sales are impossible and never get approved.

Fact:

Because of the current real estate market, short sales will be around for a long time. The fact that they may take longer to complete than a traditional sale doesn’t mean they’re impossible.

The most important thing to remember when you’re involved in a short sale transaction, as a buyer or a seller, is to make sure yu’re dealing with realtors who are experienced in short sale transactions. Having an experienced team to walk you through the process is essential.

As far as numbers go, for those who think that short sales are impossible and never close, in Palm Beach County, 656 short sale transactions have closed in the last 90 days!

If you are considering a short sale make sure you also consult with a licensed Realtor(r) who specializes in short sales. In the Palm Beach County area, especially in Palm Beach Gardens, West Palm Beach and Jupiter, Forbes Realty of South Florida is focused on short sales and helping homeowners through the process.

Rodney Forbes, broker for Forbes Realty, has also co-authored the book “Should I Short Sale My Home?”. Click her for your FREE copy.

Watch for the next article in the Short Sale Myths series. Or, just subscribe to the blog and they will be sent automatically.

If you are interested in buying or selling a home in the Palm Beach County area, specifically Palm Beach Gardens, Jupiter and West Palm Beach, please visit my Forbes Realty website. For frequently updated information on foreclosures, short sales, real estate news and market conditions visit my South Florida Real Estate Report blog. There are many free reports as well as free access to MLS listed properties. You can also call 561-337-4810.

 

Rodney Forbes is a licensed Realtor®, certified short sale/REO specialist and broker for Forbes Realty of South Florida Inc. Rodney has co-authored the book “Should I Short Sale My Home?”. Get your FREE copy at www.SouthFloridaRealEstateReport.com

 

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Forbes Realtyof South Florida specializes in assisting homeowners in short sale situations. Call 561-337-4810 and we can provide a free consultation to see if a short sale is right for you.

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