short sales and how to avoid foreclosure. Some of the information out there is good, useful information, while some of it causes homeowners to wonder if short sales are truly worth the effort. With so much information out there, many homeowners have concerns about completing a short sale. Here are 3 common concerns that homeowners have and the truth behind them. Homeowner Concern #1: I'll end up in foreclosure in a few months, so I don't have time to do a short sale. The Truth: For homeowners who have missed mortgage payments on their Knoxville home, time is essential. Tennessee foreclosures happen quickly, which is why it is so important that homeowners explore their options to avoid foreclosure as soon as possible. Still, just because you've missed payments, doesn't mean you don't have time to complete a short sale. Even if a foreclosure has been initiated, in some cases, it is possible to get the foreclosure date stopped or postponed. It is never too late to start a short sale, but the sooner you start one the better. Homeowner Concern #2: I just need to wait and see what happens, I'm not yet behind on my payments. The Truth: While every situation is different, it can be important to be proactive about the situation as possible. Whatever the reason that has made making your monthly mortgage payment difficult, avoiding the inevitable may only make the problems worse. For awhile, you may be able to pay your mortgage by dipping into savings, but what will you do once that runs out? If you owe more on you home than it is worth and there is some reason that is making it difficult for you to make your payment, the sooner you know you options the sooner you can change your situation. Even if you aren't late on your payment, lenders will consider doing a short sale if you've been through some sort of hardship and have had difficulty making your payment. Homeowner Concern #3: Short sales are a hassle and not worth the time. The Truth: Short sales do take time and a lot of effort; but, they are worth it. Short sales will do less damage to your credit and in many cases, your lender forgive the debt that is still owed to them. These two benefits make the effort put into Knoxville short sales very worth it. Not to mention, some lenders even offer homeowners relocation assistance if they qualify. Are you thinking about doing a short sale on your Knoxville home? Are you curious what options you may have to avoid foreclosure on your Knoxville home? If so, please do not hesitate to contact us. My team and I specialize in helping Knoxville homeowners explore their alternatives to avoid foreclosure. You can give us a call at 865-696-9002 or send an email to [email protected]. My team and I are dedicated to helping Knoxville homeowners avoid foreclosure.