| In the current economy, more homeowners are | | | | payments. When your home is scheduled for |
| facing foreclosure than ever before. If you live in | | | | auction, there is little that can be done in just a |
| Phoenix, Scottsdale or surrounding areas in | | | | week or two. When you determine that there is |
| Arizona, you need a certified short sale Realtor to | | | | just no way you will be able to pay your |
| guide you through the process of selling your | | | | mortgage, take action quickly. Your lender will |
| home and protecting your credit from irreparable | | | | most likely agree to a short sale, provided you |
| damage. If you are under water in your | | | | give them the information they need and find a |
| mortgage and several months behind on your | | | | buyer that is willing to pay a fair price for your |
| payments, get help before it is too late! | | | | home. |
| A short sale is simply a process in which your | | | | Your lender will probably want documentation |
| lender is willing to accept less than is owed on | | | | explaining your hardship, or why you are unable to |
| your mortgage. There is a good deal of | | | | pay your mortgage. A reputable Arizona realtor |
| paperwork involved, which is why it is necessary | | | | can give you more information on the documents |
| to consult with an experienced real estate agent. | | | | that may be requested by your lender, and help |
| Without someone to help you, the process can | | | | find the right buyer for your home. If there is any |
| get lengthy which is why some home owners | | | | way possible to avoid foreclosure, you should |
| avoid going this route; however, the time and | | | | take action. Your credit will be ruined, and you will |
| effort spent are well worth the results. You can | | | | be unable to purchase another home for at least |
| honestly say you sold your home, and your credit | | | | 5 to 7 years! With a short sale, you are often |
| will not be as badly damaged as it would if you | | | | able to purchase another home in as little as 18 to |
| went through foreclosure. With a short sale, you | | | | 24 months. |
| can expect your credit rating to drop by about | | | | Save yourself from the stigma of foreclosure and |
| 100 to 200 points, but there are ways of repairing | | | | all that goes with it. In Arizona, you can get out |
| the damage. With foreclosure, your credit will be | | | | from under your mortgage payments and not |
| beyond repair. | | | | totally destroy your credit! The process can be |
| A Phoenix realtor can help in every aspect of the | | | | complex, but the rewards are well worth it. To |
| process. One thing you should know is that you | | | | make it easier, contact an experienced and |
| should take action before you get way behind on | | | | reputable Phoenix short sale realtor today. |