So, I had a guy call us from Alpharetta about processing his foreclosure. I was taken back and I actually thought it was someone messing with me. He asked me, “I’m behind on my payments, can you process my foreclosure?” asked him if he understood what a foreclosure was and he said, “It’s where the lender gets your house back.” So, I knew 
we were on the same page, but there was a little confusion.
I explained what a foreclosure was, which is, the bank takes your house back by filing notice with the county courthouse and your house is then sold to the highest bidder on the steps of the courthouse the first Tuesday of the month. Then, I explained what a short sale was, which is, the bank accepts an amount less than what you owe as a settlement amount…paid in full.
After we talked for a couple minutes, we cleared up the confusion, but it made me realize how much misinformation is out there and how much conflicting info there is out there locally here in Georgia as well as nationally. The press covers a lot of the statistics, (how many foreclosures in Georgia, how many short sales on the market, job loss, unemployment filings, etc) but they don’t cover the options available and the steps you need to take to avoid losing your house to foreclosure. If you have questions about short selling your Georgia home, download our Free Short Sale Ebook or give us a call.
