Knowledeable & Experienced Arizona Short Sale Realtors
STOP FORECLOSURE-FREE REPORT!!!
Are you behind on your mortgage payments? You are not alone. You might be able to sell your home for less than what you owe. If you are experiencing a financial hardship or a life changing event that prevents you from making your mortgage payments a short sale may provide these benefits.
OUR SHORT SALE SITE
Why sell my Phoenix home as a short sale?
- Avoid Foreclosure
Search for Short sales
- Reduce impact on your credit score
- Prevent bankruptcy
- Possibility to buy again in as little in 2 years
We are both SFR Certified (Short Sale & Foreclosure Resource Certified) in the metro Phoenix, Arizona area and are able to answer your questions and provide assistance whether you need to sell your home but owe more than it is worth or are in the market to buy and looking for a good deal.
First of all a short sale will not work for everyone. You must be able to show the bank that you cannot make your mortgage payments due to a hardship. Owing more than the house is worth is not considered a hardship if you are able to make the payments. We can assist with the paperwork and documentation that you will need to show your hardship to your lender.
If you qualify to do a short sale it allows you to stop the foreclosure process thus minimizing the impact on your credit score. You get a fresh start and may be able to buy again in as little as 2 years. Also, it is important to note that a short sale does not cost you any money. All costs are absorbed by the lender and you can remove this burden for free.
New Short Sale rules that are part of the Treasury’s Home Affordable Foreclosure Alternatives (HAFA) program and are designed to speed up lenders’ decisions on short sales making it easier and quicker to sell your home as Short Sale.
Benefits to some owner occupied Sellers:
- § Avoids foreclosure
- § No contribution, promissory note, or deficiency judgment–first lien holders and second lien holders that accept an incentive
- § Pre-approved terms
- § $3,000 moving costs
Caution: Before entering into a short sale transaction be sure to talk to a legal and/or tax professional as legal and tax consequences may vary.
Caution: Before entering into a short sale transaction be sure to talk to a legal and/or tax professional as legal and tax consequences may vary.
Why buy a Phoenix short sale?
But the short sale can also be a good investment opportunity for the savvy investor who knows how the process works. As foreclosure rates hit record levels the metro Phoenix, Arizona area, more sellers are turning to short sales as a way to avoid foreclosure. So, how does it work? In a short sale, the seller arranges with their mortgage lender to accept a price that’s less than the amount they owe on the property. As part of this arrangement, the lender typically agrees to forgive the rest of the loan. As a result, the seller doesn’t have to go through a foreclosure, the buyer picks up a property at a discount, and the lender avoids taking on the burden of unloading the property.
You can reach either one of to discuss your real estate needs!
Ralph at 602-390-8573 or Tricia at 602-390-0300 .
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