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Arizona Residents: A Certified Short Sale Realtor Can Help You Avoid Foreclosure

Are you getting farther and farther behind in your mortgage, and feel you may be facing foreclosure? If you live in Phoenix or nearby areas of Peoria, Cave Creek,Scottsdale, and Glendale, a reputable Certified Arizona short sale realtor can help you see the light again by helping you get out of the situation you’re in.

The housing market has been in an uproar for a while, along with the economy. So many people have lost their jobs, which were their only source of income. It’s tough to pay a mortgage when you can barely put food on the table, but all is not lost. A professional, experienced Phoenix real estate agent with in-depth knowledge of the short sale process can help you get out from under that heavy burden!

What typically happens when you cannot pay the mortgage on your home? Your lender will often attempt to arrange a repayment plan, but that often fails or you may simply not have the money to even attempt to repay. At this point, your lender may mention a short sale, or you may bring it up yourself if you understand the process. This is why it is beneficial to you to have a Phoenix realtor on your side who has experience in this area. They understand how it works, and will do everything in their power to help you negotiate a sale with a qualified buyer. Simply put, if the bank agrees to take less money as pay-off for your home, you can avoid foreclosure and all of the negatives that go along with it.

Why would your lender agree to take less for your home than is actually owed? Banks are not in the property business. If they were to file foreclosure, there are hefty expenses involved. They also do not want vacant properties setting on the books, so many will agree to a short sale. When you decide to go this route, your credit will not be as badly damaged and you will likely be able to purchase another home in just two years, whereas with foreclosure it is often 7 years or even longer before you can buy a home of your own.

If you live in or around Phoenix and are facing financial difficulties that make it impossible to pay your mortgage, contact a highly qualified Arizona short sale realtor now. With our help, things can be turned toward a more positive direction!

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Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties

So far, 2010 has been a better year for the housing market in Phoenix and surrounding areas of Arizona. In a month’s time, sales on 7093 properties have closed, and inventories are up 1% since the last market break down report. As of March 15th, there were 27,594 active listings.

It appears that sales are well ahead and the market continues to improve over 2009. Pending sales have increased by more than 40% since the first of this year, which will really increase the number of closings over the next couple of months. As of March 15th, there were 27,594 single family dwelling detached homes for sale. With 7093 homes closing in the last 30 days, the current market supply is 4 months.

In Phoenix, there are a total of 5,681 active listings and inventories are up 1% since last report. There have been 1629 closings in the last month, which is about a 3 1/2 month supply. Slightly ahead of Phoenix is the West Valley area, the most robust in this market currently. West Valley, comprised of Surprise, Peoria, Sun City, Glendale, El Mirage, Youngtown, Litchfield Park, Avondale, Goodyear, Buckeye and Tolleson, had 6,489 active listings at the time of this report and 2118 closings, about a 3 month supply.

The Southeast Valley of Tempe, Mesa, Gilbert, Apache Junction, Queen Creek and Chandler came in third place, with 6,289 active listings for the time period and 1676 closings, putting this region at about a 3 3/4 month supply. The Northeast Valley (Scottsdale, Paradise Valley, Fountain Hills, Cave Creek and Carefree) remained unchanged from the last report having 4,212 active listings and 560 closings, which is about a 7 1/2 month supply.

In Scottsdale, there were 354 closings in the under $1m market and 1981 active listings, and 53 closings in the over $1m market, where there were 965 active listings. Inventories were down 4% since last report in the over $1m market, and up 2% in the under $1m market.

In Paradise Valley, inventories remained unchanged since last report, with a total of 452 active listings and 28 closings over the past month, which is about a 16 1/4 month supply.

Lets hope this trend keeps up, and the housing market in Phoenix and surrounding areas continues to show improvement. This is great news for our communities, home buyers, and those in the market to sell their homes as well!

Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties

In the current economy, more homeowners are facing foreclosure than ever before. If you live in Phoenix, Scottsdale or surrounding areas in Arizona, you need a certified short sale realtor to guide you through the process of selling your home and protecting your credit from irreparable damage. If you are under water in your mortgage and several months behind on your payments, get help before it is too late!

A short sale is simply a process in which your lender is willing to accept less than is owed on your mortgage. There is a good deal of paperwork involved, which is why it is necessary to consult with an experienced real estate agent. Without someone to help you, the process can get lengthy which is why some home owners avoid going this route; however, the time and effort spent are well worth the results. You can honestly say you sold your home, and your credit will not be as badly damaged as it would if you went through foreclosure. With a short sale, you can expect your credit rating to drop by about 100 to 200 points, but there are ways of repairing the damage. With foreclosure, your credit will be beyond repair.

A Phoenix Certified Short Sale realtor can help in every aspect of the process. One thing you should know is that you should take action before you get way behind on payments. When your home is scheduled for auction, there is little that can be done in just a week or two. When you determine that there is just no way you will be able to pay your mortgage, take action quickly. Your lender will most likely agree to a short sale, provided you give them the information they need and find a buyer that is willing to pay a fair price for your home.

Your lender will probably want documentation explaining your hardship, or why you are unable to pay your mortgage. A reputable Arizona realtor can give you more information on the documents that may be requested by your lender, and help find the right buyer for your home. If there is any way possible to avoid foreclosure, you should take action. Your credit will be ruined, and you will be unable to purchase another home for at least 5 to 7 years! With a short sale, you are often able to purchase another home in as little as 18 to 24 months.

Save yourself from the stigma of foreclosure and all that goes with it. In Arizona, you can get out from under your mortgage payments and not totally destroy your credit! The process can be complex, but the rewards are well worth it. To make it easier, contact an experienced and reputable Phoenix short sale realtor today.

Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties

Phoenix Homeowners – Don’t Let Foreclosure Ruin Your Life! A Short Sale May Solve Your Problems

Are you like many other homeowners, and find that you are under water in your mortgage? If you are just a month or two behind but know that things are going to get worse, contact a Phoenix short sale realtor at once – and do not wait! Time is of the essence, and foreclosure is something you absolutely want to avoid. If you want to save your credit from total destruction and have the opportunity to purchase another home without waiting for 5 to 7 years, you need this information.

If you have been looking in to other options, likely you have heard the term ’short sale.’ Perhaps you have heard from others or read that it is a complicated and lengthy process, which has discouraged you from pursuing it further. Truthfully, the short sale process can be drawn out and aggravating, which is why you need an experienced Arizona real estate agent to handle the negotiations for you. It will help make quick work of the process, so that your home may be sold quickly.

Here are a few details Phoenix homeowners and those in surrounding areas should be aware of:

• A lender will often agree to a short sale, as long as the buyer is willing to pay a fair price for your home. They deal in money, and don’t particularly want a vacant property sitting on their books.
• You will have to provide your lender with a letter explaining your hardship (divorce, job loss, death in the family, etc.), along with other documents such as pay check stubs, your bank statement and other financial data.
• Foreclosure will prevent you from buying another home for 5 to 7 years, while the short sale process generally means that you can purchase a home for your family within 18 to 24 months

Why do you need a Phoenix realtor who specializes in short sales? A seasoned professional can explain every detail of the process to you, and negotiate with your lender on lowering the price of your home in order to find a qualified buyer. They can also handle the paperwork for you, which takes an enormous amount of stress off of you. In general, a professional real estate agent will help make the entire process streamlined and quicker, which means you can move forward with your life.

Are you upside down in your mortgage and don’t know which way to turn? Speak with a Certified Short Sale Arizona realtor with expertise in short sales. There are other options, and foreclosure is something you do not want to face unless there is absolutely no way to avoid it!

Phoenix Homeowners – Don’t Let Foreclosure Ruin Your Life! A Short Sale May Solve Your Problems

As a homeowner in Phoenix, are you finding it impossible to pay your mortgage? If you are behind several months in your payments, you may fear foreclosure is looming in your future. A short sale is one option that will help you avoid this process, and protect your credit to a certain extent. This article will explain a bit about how the process works, and why it is necessary that a skilled Arizona realtor assist you should you decide to go this routs.

Some people will advise you against a short sale, saying that it is a long, drawn out process that is really more trouble than it’s worth. Why does it take so long? Usually, finding a qualified buyer and getting the necessary paperwork together is what slows things down. This is why it is recommended that you use a real estate agent that is experienced and knowledgeable in the process. They can quickly find a buyer for your home and get the ball rolling.

You absolutely want to avoid foreclosure if there is any way. Besides the stigma many people associate with foreclosure, it destroys your credit. Buying another home of your own is something you won’t be able to do for at least 5 to 7 years, and your credit will be in shambles. In Phoenix, if you decide upon a short sale you can generally purchase another home within just a couple of years, and your credit is not as badly damaged because your lender marks your property as “paid” on the books.

If you decide to try the short sale route, you will need to submit a few things to your lender, including a letter of hardship explaining why you are unable to pay your mortgage. Reasons for a hardship include loss of employment, divorce, a death in the family, etc. You might also need to gather other documents like bank statements, tax returns and paycheck stubs. When you choose a Phoenix realtor who is a skilled negotiator, he/she will help you gather all you need to submit to the lender

Most lenders would rather take a loss on your home than carry an unoccupied property on their books. Your real estate agent can find the right buyer for your home, then submit their offer to your lender for approval. The buyer should be willing to pay a fair amount for your home, as most lenders will not accept a ridiculously low offer.

Not everyone will qualify for a short sale, but it is definitely worth a try if you find yourself upside down in your mortgage! Many homeowners are struggling right now, and at a certain point you realize there is no way out other than walking away from you home. Before you do that, contact a highly respected Phoenix realtor who is an expert in the short sale process, and can help you determine what is best for your individual situation.

Why Scottsdale Homeowners Facing Foreclosure Should Consider a Short Sale

If you live in Scottsdale Arizona or any of the surrounding areas and find yourself buried under your mortgage, the short sale process may be of interest to you. A Certified Short Sale Arizona realtor can explain every detail, so that you can decide if this may be the answer to your problems. Loss of a job, divorce, a death in the family and other factors can affect your life and your financial situation much more than you realize. If you are falling behind in your mortgage, do not wait – time is of the essence!

Foreclosure is an ugly word and an even uglier reality of life. When you can no longer pay your mortgage and go the foreclosure route, it affects your life for years to come. Your credit will be totally ruined; you will not be able to purchase another home for at least 5 to 7 years. On top of that, many people want to avoid the stigma that often comes along with losing a home.

An experienced and reputable Phoenix short sale real estate agent can help you understand the short sale process so that you can determine if it may be the right course of action for you. The process can be lengthy, but with the help of a knowledgeable realtor it will be much quicker. A professional will assist you with every aspect of the process, and help locate the perfect buyer for your home.

Scottsdale residents who can no longer afford their mortgage need to understand how a short sale works. First of all, your lender will most likely be willing to work with you because they really don’t want an empty property – they would rather have money, even if it is not the full amount you owe on your mortgage. They can then mark the property as paid, instead of having an empty home sitting on their books. Once a buyer is found, your lending company will need to determine if they are willing to take the amount offered for your home.

A short sale will affect your credit adversely, but not to the extent that foreclosure does. You will most likely be able to purchase another home within 2 years and in some cases right away, instead of waiting 5 to 7. When you sell your home, you will be able to honestly tell anyone who asks that you sold your home – and not have to tell them that you were foreclosed upon. .

If you own a home in Scottsdale and feel things are getting beyond your control, or will be with your next mortgage adjustment, contact a highly respected Arizona realtor with vast knowledge of the short sale process. Right now, the future may look bleak and you may feel there is no way out. Thankfully, there may be a brighter tomorrow on the horizon.
Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties

For many reasons, people find themselves falling farther and farther behind on their mortgage. Many have not even heard of the short sale process, which may keep them out of foreclosure and help salvage their credit from complete ruin. A reputable Phoenix short Sale realtor can explain the process, and help you with the negotiations should you decide to go that route. This is one way that you may avoid foreclosure and the repercussions that often go hand-in-hand with it.

There are many things that may have caused you to become under water in your mortgage. You may have gotten divorced; you or your spouse may have lost a job. Unexpected things happen in life, and often have devastating consequences. Now, you face losing your home and possibly foreclosure. The truth is, a short sale may save you from the stigma and ruining your credit. You can rest assured the lender doesn’t want your empty home, and most will work with you in the short sale process.

This is often where a Phoenix real estate agent comes in. Many realtors know very little about this process. When you consider a short sale, you want a professional on your side with in-depth knowledge of how the process works. You feel that you are in an impossible situation. You want to avoid foreclosure, but you can no longer afford your house payments. Maybe you are so stressed out that you don’t realize the negative impact that this action will place on your future. An experienced Arizona realtor can act as the deal-maker between you, your lender and a possible buyer for your home.

While the short sale does affect you credit score, it is not nearly as bad as having foreclosure on your credit report for the next five to seven years. You can buy another home sooner, usually within 24 months or less. You can also truthfully say that you sold your home, and avoid the curiosity and questions from friends and family.

To put it simply, you need to get out of your home and your lender doesn’t want it. You both want a situation with a happy ending. In Phoenix, a short sale means that you can get out from under those huge mortgage payments, your lender takes a discounted pay-off to avoid the foreclosure process and saves money, and a buyer can step into a home that cost them less than market value. It’s a winning situation for all involved!

Before you determine that there is nothing that can help your situation, contact a reputable Phoenix real estate agent to discuss the short sale option. It may be the solution you need to get out of financial trouble and start a fresh new path!

Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties

If you are under water on your mortgage for your Phoenix home, you aren’t alone. The downturn of the economy have left many homeowners unable to pay their mortgage. An Certified Short Sale Arizona real estate agent can help you determine if a short sale may help you get out from under the cloud that is hanging over you. Hardships often happen without warning; divorce, death or loss of employment can leave you stressed financially, and you get months behind on your mortgage. A short sale provides hope where you may have believed none existed.

You may have heard stories about the short sale process, and how lengthy it can be. While this is sometimes true, an experienced Short Sale Phoenix realtor can explain the entire process, and help you find a buyer quickly. With full support and their knowledge, make all aspects of the process simple and easier. In the end, you will realize that the length of time it took to sell your home was well worth the effort.

As a homeowner, you want to avoid foreclosure if at all possible. Your credit will be completely ruined and unable to purchase another property of your own for approximately 5 to 7 years. If you do decide that a short sale may be appropriate for you, it will affect your credit – but it won’t completely destroy it as foreclosure does. Most likely, you will be able to buy another home in just two years or less. You will also avoid the stigma often associated with foreclosure.

A short sale simply means that you sell your home for an amount less than what is owed on the home. Your lender will have to decide if this is feasible, and approve any buyer offers. While the lender would absolutely rather have some money on your property instead of having it sit empty, they want reasonable offers. Home sellers are required to submit a hardship letter, detailing why you are in financial trouble (loss of job, divorce, etc.)

As you can clearly see, there is a good deal of work and detail involved in the short sale process. This is why you need the services of a professional and established Arizona short sale realtor with extensive knowledge in the process. You want someone who understands every detail of the process, and who can advise you as well. Real estate agents often have several buyers looking for properties, and can help match your home with the perfect buyer. This simplifies everything, so that you can get out from under your mortgage and go forward with life. If you are a Phoenix homeowner who cannot pay your mortgage, contact a Certified Short Sale Phoenix realtor today to learn more about the short sale process!

Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties

Are you a Phoenix, Scottsdale or Glendale homeowner who is upside down in your mortgage? You owe substantially more than your home is worth, and paying the monthly mortgage payment is something you can no longer do. A short sale may be one option you want to consider; although you have likely heard the term, you don’t really understand what it means or how it works. This article will explain the process, so that you can make an informed decision whether or not a short sale may benefit you.

The weakened economy has affected many people. Jobs have been lost, plants shut down, and hours reduced. The market value of homes has taken a nose dive as well. Now, you may have fallen on hard times and you simply can’t afford your home anymore. In Arizona, short sales have helped many home owners avoid foreclosure and completely ruining their credit. The process can be lengthy, but with the assistance of a reputable Certified Short Sale Phoenix realtor you can be sure it will go as smoothly and quickly as possible
Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties

Prospective Phoenix Home Sellers: Learn The Benefits of a Short Sale

Are you stressed out because you are several months behind in your mortgage and fear foreclosure? A short sale is an option for many in your shoes. If you live in Phoenix, Glendale or any surrounding areas, you may want to discuss the possibility with your Certified Short Sale realtor. Avoiding foreclosure at all costs is what you want to do. It is an ugly procedure that ends with your credit being totally destroyed.

An experienced Certified Arizonia Short Sale real estate agent is knowledgeable in the short sale process and can explain it clearly to you. There are benefits and drawbacks; sometimes the process is lengthy, but that is usually because it takes a while to find the right buyer. The benefits are many. You avoid foreclosure, and while your credit is damaged, it most likely will not be completely ruined. The short sale process can be made much quicker when you have a reputable realtor to help. They can find a buyer quickly, so you can get out of your home and get on with your life.

What exactly is a short sale? The term simply means that the lender may be willing to take less for your home than what is actually owed on it. Banks deal in money and loans – they really have no desire to have homes and properties on their hands. They would rather show that a home was paid off short of what was owed than to show a foreclosure. So, in essence, a short sale boils down to an agreement between a seller and their lender. You present any offers from buyers, and the lender will determine if it is a fair amount.

If you can prove or convince your lender that you are in a desperate situation, they will often work with you. Loss of a job, divorce, a death in the family, major medical bills due to illness – there are many things that may cause you a hardship. When you are sincere and discuss your situation with the bank, they may agree that this is the best route to take. They would definitely rather have some money on your home than none at all.

Nobody wants to lose their home, but sometimes there are no options. You are getting further and further behind, and you know that foreclosure is looming around the corner. Discuss your needs with a compassionate Arizona realtor today. A good realtor knows the process inside and out, and can help you quickly find a buyer should you and your lender decide that a short sale is best solution for your dilemma.
Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties