Short Sales and Foreclosures Tucson
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About Short Sales versus Foreclosure
Understanding Short Sales in Arizona
Tucson Short Sales
Before you decide that a short sale is best for you, call me. I will refer you to a tax advisor who will give you expert advice regarding the short or long term effects of a short sale verses foreclosure. In a short sale, the Realtor, who most likely is also the short sale negotiator, strikes a deal with the lender to accept less than they owe on the property in exchange for avoiding foreclosure. It takes time and patience do successfully close a short sale, but in most cases the owner may stay in the home until the bank approves the short sale.
Loan Modifications Tucson Short Sales
More sellers are turning to short sales as a way to avoid foreclosure. If you are upside down, a loan modification will not work for you, and that is the problem with most home loans today. So, how does it work? In a short sale, the Realtor or Short Sale Negotiator arranges with the homeowner's mortgage lender to accept a price which is less than the amount they owe on the property. As part of the short sale negotiations, the lender will accept less than what is owed. As a result, the seller doesn't have to go though a foreclosure, the buyer picks up a property at a discount, and the lender avoids taking on the burden of unloading the property. It's a win-win situation in most cases.
Sellers need to know that a short sale may damage their credit, though not as much as a foreclosure. There is no reason why anyone should have to go through a foreclosure if they qualify for a short sale.
We are Experienced Short Sale Negotiators in Tucson, Oro Valley, Marana, Scottsdale, Phoenix and most all other areas of Arizona.
We specialize in helping homeowners through the short sale process. Unfortunately, an inexperienced Realtor can really mess it up, if they haven't successfully closed enough short sales. Arizona is a non-recourse state meaning that the lender cannot go after the seller after the short sale is complete. Arizona has more short sales than any other State. Use the best short sale negotiators at our company.
Short Sales are Free to the Seller or Homeowner
The good news is it costs nothing to the home owner - no fees, no hassle no headaches. We know it is not easy to lose your home, but we will make it easier by taking all the worry away.
Contact us - the sooner you start on the short sale process, the better.
