Louisville Short Sale Expert: Helping You Avoid Foreclosure

Short Sales – When do I have to move?

By David Halpern, Louisville Short Sale Expert, (502) 664-7827 or 895-3100

One of the most common questions I’m asked by distressed homeowners is “How long does the short sale take?”

The real question behind the question is “When do I have to move?”

At first I was apologetic that short sales routinely take three to six months or longer, thinking that the homeowner wants to have this stress out of their life as soon as possible. Much to my surprise, most sellers were extremely relieved or even happy that;

(a) They don’t have to pack up and move immediately

(b) They have time to save up some cash toward their moving expenses or to apply to whatever overwhelming life event caused them to fall behind on their payments in the first place.

So, interestingly enough, the bank’s inefficient processing of short sales often provides a vital benefit to distressed homeowners.

Important note: It is the seller’s sole discretion whether to make the mortgage payment during the short sale process. Realtors are not authorized to counsel sellers not to pay a valid debt. Seller’s should be encouraged to seek competent legal advice.

Submit Your Information Now or Call Us at (502) 664-7827.

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