| Foreclosure is an ugly word. It can ruin your | | | | you would be in the place you are right now. |
| credit, affect your ability to find employment, and | | | | Economic problems have taken their toll on many |
| prevent you from purchasing a home for years | | | | people; jobs have been lost or hours cut back. |
| to come. If you live in the Phoenix area and are | | | | You never wanted to lose your home, but now |
| upside down in your mortgage, talk to an Arizona | | | | you are months behind on payments or your |
| Certified Short Sale Realtor about the benefits of | | | | payment is going to adjust higher and see no |
| a short sale. Protecting your future as much as | | | | other way out. A short sale may be the perfect |
| possible should be your number one priority. | | | | solution for you. You can actually tell others you |
| A short sale is not something that you would | | | | sold your home, although it will affect your credit |
| normally want to do, but in cases where you | | | | score somewhat. With foreclosure, it is normally |
| have no option other than foreclosure you | | | | about 5 to 7 years before you can purchase a |
| certainly want to consider it. Besides avoiding the | | | | home again. The short sale process allows you to |
| social stigma related to foreclosure, you can save | | | | buy another property much sooner, usually within |
| your credit from being completely ruined. You | | | | 2 or 3 years depending upon Fannie Mae guidelines |
| may also be able to purchase another home | | | | and whether you choose an FHA loan. |
| much sooner, and filling out a loan application is | | | | You can read all over the internet about short |
| much simpler. | | | | sales, and you will find that all of the information |
| With a short sale, the lender simply settles for | | | | communicates something different. Is it good, or |
| less money than what the home is worth. | | | | is it bad? Depending upon your situation, it is |
| However, a lender will not take just any amount | | | | nearly always highly preferable to going the |
| of money; the buyer for your home should be | | | | foreclosure route. If you are about to lose your |
| someone who is willing to pay close to current | | | | home and feel there is no solution but to walk |
| market value. Finding the right buyer is often | | | | away, contact a reputable Certified Short Sale |
| what prolongs the process, but a reputable real | | | | Phoenix Realtor today. A good agent will explain all |
| estate agent can help find the perfect buyer for | | | | of the details, so that you can make an informed |
| your home to speed the process along. | | | | decision. |
| As a Phoenix homeowner, you never imagined | | | | |