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Short Sale Arizona - Owe More Than Your Home is Worth?

There are countless hardships that can turn home ownership from a joy into a burden. The loss of a job, medical bills, or an unexpected hike in monthly payments can all make a mortgage unaffordable. But ignoring the bills will not make them go away, it will only make things worse.

If you need help, there are approaches that can help, but you may not be familiar with them. One of these is a “short sale.”

In an approved short sale, the lender agrees to accept less than is owed for the property, and the homeowner is relieved of the debt. A lender may be willing to do this because it spares a lot of hassle and expense involved in executing a foreclosure. And typically, a short sale does far less damage to the homeowner’s credit than a foreclosure does.

If you would like to explore the possibility of a short sales in AZ for your property, avoid foreclosure, and potentially save your credit rating, please click the green button to the right.




What Is A Short Sale?

A Short Sale is a negotiated settlement in which a short pay occurs, and a lender agrees to accept less than the amount owed to payoff a home loan as an alternative to foreclosure. The lender often agrees to a Short Sale because they know if they take the property back through foreclosure they will often incur and even greater loss.


Do I Qualify For A Short Sale?

Yes.  Qualifying for a Short Sale is easier than most people think.  A good candidate has no equity in their home and can't sell it and pay off all of their debts secured against their property.  Contact Short Sale Arizona toady to short sale your house.


Is A Short Sale Right For Me?

Probably.  Short Sales are usually the best option when faced with mortgage related issues, however it may not be for everyone.  Here are some determining factors that may make you a Short Sale candidate:

You are behind on your mortgage payment and are unable to keep up with all of your monthly obligations. Some of the reasons for falling behind on your mortgage payment may include sudden change in monthly household income, loss of job, divorce, and more.
You are NOT behind on your monthly mortgage payment but know that you will soon be unable to keep up with all of your monthly obligations and therefore in the near future will not be able to afford to keep your home. .
You are NOT behind on your monthly mortgage payment but need or want to move. Reasons could include a job transfer, a health reason, retirement, and more..

Why Do Banks Allow Short Sales?

To foreclose on a property is 28-36% more costly than to accept a Short Sale.  Banks are in business to loan money and when they own properties due to foreclosure their money is tied up and can't be loaned.  No matter what a bank says, they absolutely do NOT want to foreclose.


How Do I Get Started?

To get started simple download our short sale package.  Do not wait until the last minute before starting the Short Sale process as the bank may start foreclosure process and submit the property for auction.  After this it may be too late to do a Short Sale.  Contact Short Sale Arizona today!
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A detailed guide to survive the short sale process.