Thanks for checking out our video blog again today. I’m Matt Fetick, Philadelphia/Wilmington, DE short sale specialist. One of the questions that we get regularly is “How soon should you start a short sale?” Let me tell you this. Time is not on your side. The sooner you get involved with a Philadelphia/Wilmington, DE short sale, the better chances you have of getting the bank to accept an offer and not foreclose on your Philadelphia/Wilmington, DE home.

If you are facing foreclosure or are starting to fall behind on your payments and are heading in a foreclosure direction we only have a limited amount of time that the bank will permit us to market your Philadelphia/Wilmington, DE home and get an offer that is acceptable to them. They are looking for an offer that will get them more money than if they have to foreclose. Banks do not want to own homes. They want to lend and make money. That means they will do anything they can to avoid foreclosure. However, if you are late on your payments, they have no other option. They have policies in place that require them to act quickly because the investor on your mortgage wants to protect their asset, which is your Philadelphia/Wilmington, DE home.

My suggestion to you is if you have fallen behind on your mortgage, call us immediately. We can sit down and have a conversation with you where you can learn all of your options. These options include short sales, deed in lieu of foreclosure, bankruptcy, foreclosure protection and things like that.

We offer a free webinar on our website, but you must register a day early. Or you can fill out a contact form on our website. You can also call us at (610) 427-4420 and ask for me directly. I would be happy to share my advice with you. Remember that time is not on your side.