| Many Arizona homeowners are unclear about a | | | | a suitable buyer for your home quickly. This helps |
| short sale and how it works. If you are upside | | | | make the process a little shorter, so that you are |
| down in your mortgage, you may be facing | | | | not tangled up in paperwork for months. In fact, a |
| foreclosure - or at least you know there is no | | | | real estate agent can handle many of the details |
| way out that you can determine. Due to | | | | for you, which makes everything less stressful |
| unforeseen problems, you can no longer afford | | | | for the homeowner. |
| your mortgage or are possibly already behind | | | | Foreclosure costs lenders a ton of money, which |
| several months. An experienced Phoenix realtor | | | | is another reason they will often agree to a short |
| understands the short sale process thoroughly, | | | | sale on your home. You will most likely have to |
| and can help you get out of the situation you are | | | | demonstrate your hardship to your lender, which |
| in without facing foreclosure and the stigma that | | | | could be any number of things - loss of your job, |
| often goes along with it. | | | | medical problems, divorce, and other |
| What does the term 'short sale' actually mean? It | | | | circumstances. A certified short sale real estate |
| simply means that you sell your home for less | | | | agent can take you through all of these details, so |
| than you owe on your mortgage. What about | | | | that you understand what is necessary to |
| your lender, why would they take less money | | | | successfully sell your home and move on with life. |
| and not force you to pay the entire amount due? | | | | Another reason many homeowners decide to go |
| When you prove a hardship, they realize that you | | | | the short sale route is so that they can save their |
| cannot pay your mortgage, and are often willing | | | | credit to an extent. While it will be affected, your |
| to settle for a discounted amount on your home. | | | | credit will not likely be completely demolished as it |
| They would rather have the money than an | | | | will with foreclosure. You can walk away from |
| empty property sitting on their books. That being | | | | your home, knowing that you actually sold it. |
| said, they do want a buyer who is willing to pay | | | | While this may not be the solution for every |
| an amount similar to what other comparable | | | | homeowner, it is certainly something worth mulling |
| homes in the market are worth. | | | | over. Talk to an Arizona short sale Realtor today, |
| This is where an experienced Certified Arizona | | | | so that you have all of the details you need to |
| short sale Realtor comes in. They know the value | | | | make an informed decision. |
| of homes in your area, and are often able to find | | | | |