Short Sale Dont's
Short Sales can be a frustrating process. Here are a few Short Sale Don'ts:
- Do not use exact figures when preparing your financial statements. Round up to the nearest whole number. It is easier for everyone to read.
- Do not file bankruptcy or hire credit counseling until you have exhausted all your options.
- Do not wait until the foreclosure process has started. At the first sign of trouble contact your loss mitigation department.
- Do not procrastinate. Get your financial package completed and mailed.
- Do not leave out any information. Every time the bank has to contact your for more documents it drags the process out.
- Do not sign your house over to another person. If you do that you lose all rights to the property but still owe the money.
- Do not give up!! Its a frustrating process but if you hang in there, positive things can happen.
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Massachusetts Short Sales