Phoenix Residents: An Arizona Short Sale Realtor Can Help You Avoid Foreclosure
Phoenix Residents: An Arizona 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!
Maureen Karpinski
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