A short sale may be the best viable option for homeowners who cannot sell due to owing more than the home is worth.
Simply put, a short sale is when a homeowner owes more to their lien holder(s) (lenders) than what the home can currently be sold for. The sellers lien holder(s) have to agree to sell the home for less or "short" of what is owed on the balance of the homeowners mortgage(s). Short sales are a way for homeowners to avoid foreclosure and still be able to pay off their loans by settling with their lenders.
These are a few of the traditional benefits of short selling your home as opposed to letting the lender foreclose on your property.
If you are behind on your payments or have reason to believe you will be in the near future, contact us immediately. Our consultations are 100% free, and there is no obligation to you whatsoever. While banks are not foreclosing as quickly as in the past, it's a serious matter not to be taken lightly. The sooner you address the situation, the better.
The short sale process can be lengthy and complex, definitely not to be left in the hands of an inexperienced Realtor. We can short sale your home with no money out of pocket to you. Our fees are paid by the lender and only if we are successful negotiating a resolution.
In addition to speaking with a competent real estate agent, we highly advise you consult with a real estate attorney and appropriate tax professionals as there is much to consider when making such an important decision.
Currently we are working with homeowners looking to short sale their homes in the areas of Carefree, Cave Creek, Fountain Hills, Paradise Valley, Phoenix, Rio Verde and various other areas throughout the Phoenix metropolitan area.
We would be happy to discuss your options and answer any questions you may have.Contact Us or call us direct at (480) 442-8255.