CactusCountryProperty

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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