Do You Need Help With You Arizona Short Sale?  SellQuickForCash.com Specializes In The Arizona Short Sale Process And Can Help You Avoid Foreclosure And Short Sale Your Home!

Arizona Short Sale Help - Stop Foreclosure Fast With SellQuickForCash.com

WHAT IS A SHORT SALE?

A Real Estate Short Sale refers to a lender(s) accepting a sales price that is less than what is currently owed plus all related sales expenses.  So basically, a potential buyer can make an offer on the home for thousands less than what is currently owed, and get it accepted by the bank!  This is common in a declining housing market and can be a win-win for both the bank and the homeowner.  Home sellers should consider a Short Sale when the value of their home is LESS than the amount of their outstanding loans. For example, if your home is worth $225,000 but you have a loan of $250,000 then a short sale is a consideration.  Normally a bank will begin to look at the short sale option only if the homeowner is behind on payments and begins to face foreclosure, but not always. In rare instances, the bank will still accept a short sale if the mortgage payments are current.  The process to end up at the short sale options typically works like this:

• The homeowner(s) begin to miss payments
• The lender(s) try to arrange a repayment plan
• The repayment plan fails or is never attempted and the bank mentions a short sale

ARIZONA SHORT SALE HELP!

Now, if you do not have to sell your home, you could wait out the market and hope for a turnaround in real estate values. However, if you do have to sell your home you basically have three options. First, you can bring cash to the table. In today's declining real estate market and using the example above, you would sell your home for $225,000 and pay another $25,000 to the lender out of your pocket to pay off the loan on your property. This does not include other selling costs such as closing costs, real estate commissions, taxes etc.  Second, you could let the home go into foreclosure. The lender will go through the foreclosure process, force you out of your home and then auction it off to the highest bidder at a foreclosure or Trustee's auction. The third and best option is to pursue a short sale.

LET US APPLY FOR THE JOB!

WWW.SELLQUICKFORCASH.COM has a team of highly trained short sale experts who have established fantastic relationships with most banks. We will handle your short sale transaction for you giving you the peace of mind you are searching for. The Short Sale process is NOT a "do it yourself" project. To successfully negotiate a short sale with a bank takes an experienced and highly trained real estate agent as well as a skilled negotiator. Our advanced process is extremely organized and we conduct these short sales in the quickest time possible relieving you of the fear of foreclosure!  We are Arizona's Most Experienced Short Sale and Foreclosure Experts!

We Are A Member Of The BBB.  We Have Many Referrals.  We Are A Team Of Specialists That All Work On Your File!

CALL 480-861-8732 OR GO TO http://www.sellquickforcash.com/shortsale.htm NOW!

ARIZONA SHORT SALE EXPERTS - HOW TO DO A SHORT SALE?

A Real Estate Short Sale refers to a lender(s) accepting a sales price that is less than what is currently owed plus all related sales expenses. So basically, a potential buyer can make an offer on the home for thousands less than what is currently owed, and get it accepted by the bank!  This is common in a declining housing market and can be a win-win for both the bank and the homeowner.  Normally a bank will begin to look at the short sale option only if the homeowner is behind on payments and begins to face foreclosure, but not always. In rare instances, the bank will still accept a short sale if the mortgage payments are current.  The process to end up at the short sale options typically works like this:

• The homeowner(s) begin to miss payments
• The lender(s) try to arrange a repayment plan
• The repayment plan fails or is never attempted and the bank mentions a short sale

Requirements for a Short Sale Are:

• A proven financial hardship
• Behind on payments (In most circumstances)
• You owe as much or more than your home is currently worth
• The homeowner requests a short sale packet from their lender(s)
• The bank notifies the homeowner(s) that they can't turn in the short sale packet until they have a signed purchase contract
• The homeowner(s) have to decide what to do next...hire a Realtor ( Cody Sperber ), or find a company like Sell Quick For Cash, LLC (Investment Company that specializes in Short Sales)

What Lenders Look For During A Short Sale!

Remember the reason a lender will approve a short sale is because it will benefit them, not you!  The lenders need to know that if they don't approve the short sale, they will have to foreclose on the property and that the sale is more cost effective than foreclosing.

Every Real Estate Short Sale begins the same way with the building of a Short Sale packet.  The lender(s) need certain documentation and a proof of hardship in order to complete a Short Sale request.  Below is a list of items commonly found in a Short Sale package:

• Hardship Letter.  A handwritten letter explaining the borrower's situation and requesting a Short Sale.  It should describe why the borrower cannot make their mortgage payments and their fear of possible foreclosure.  It should be a plea for the lender to consider a short sale!
• Two Years Tax Returns And W-2's.
• Letter Of Authorization (LOA).  This gives your Realtor or chosen Investment Company (SellQuickForCash.com) authority to talk with your lender(s) on your behalf.
• Two Most Recent Bank And Retirement Account Statements.
• Two Most Recent Pay Check Stubs.
• Current Financial Statement.
• Any Documents Supporting The Hardship.
• Current Market Analysis (CMA).  Typically from a Realtor or appraiser.
• Estimated Net Sheet Or HUD-1 (Your Realtor or investment company will provide this document.
• A Copy Of The Executed Sales Contract With Buyers Proof Of Funds Or LSR.

Okay, We Qualify For A Short Sale...We Have All Of The Documentation...Whats Next?

First, you want to find a person or company that specializes in short sales and has a proven track record.  This is very important, because you only have one shot to get the job done!  If your short sale does not work, and the foreclosure auction is not postponed, you run the risk of loosing your house to foreclosure and having it on your credit record!  So take your time while interviewing prospective companies or Realtors before you do your short sale.  Below is a list of questions we expect to be asked when being interviewed to run a real estate Short Sale:

• How long have you been negotiating Short Sales?
• How many Short Sales have you completed?
• Do you have any past clients (referrals) that we can talk with?
• What is the average time it takes to complete a Arizona Short Sale?
• Do you charge anything to facilitate my short sale?
• Are you just listing my house, or are you actually putting in an offer to buy?
• What are the chances a Short Sale will not work?
• And finally, if a company...Are you a member of the BBB?

Let Us Apply For The Job!

WWW.SELLQUICKFORCASH.COM has a team of highly trained Arizona short sale experts who have established fantastic relationships with most banks. We will handle your Arizona short sale transaction for you giving you the peace of mind you are searching for. The Arizona Short Sale process is NOT a "do it yourself" project. To successfully negotiate an Arizona short sale with a bank takes an experienced and highly trained real estate agent as well as a skilled negotiator. Our advanced process is extremely organized and we conduct these short sales in the quickest time possible relieving you of the fear of foreclosure!  We are Arizona's Most Experienced Short Sale and Arizona Foreclosure Experts!

Arizona Foreclosure Expert Cody Sperber

We Are A Member Of The BBB.  We Have Many Referrals.  We Are A Team Of Specialists That All Work On Your File!

243,353 Foreclosures Filled Nationwide In April 2008

STOP FORECLOSURE ARIZONA

In April, one in every 519 American households received either a default notice, bank repossession or auction sale notice, according to RealtyTrac's U.S. Foreclosure Market Report. With foreclosure filings up 65 percent from a year ago, SellQuickForCash.com takes a look at which ten states had the highest foreclosure rates.

Top 10 State Foreclosure Fillings In April 2008

1. Nevada - One In Every 246 Housholds Recieved A Foreclosure Notice
2. California - One In Every 204 Housholds Recieved A Foreclosure Notice
3. Arizona - One In Every 224 Housholds Recieved A Foreclosure Notice
4. Florida - One In Every 242 Housholds Recieved A Foreclosure Notice
5. Colorado - One In Every 349 Housholds Recieved A Foreclosure Notice
6. Maryland - One In Every 380 Housholds Recieved A Foreclosure Notice
7. Georgia - One In Every 422 Housholds Recieved A Foreclosure Notice
8. Ohio - One In Every 432 Housholds Recieved A Foreclosure Notice
9. Michigan - One In Every 440 Housholds Recieved A Foreclosure Notice
10. Massachusetts - One In Every 539 Housholds Recieved A Foreclosure Notice

 Arizona foreclosure activity in April increased 26 percent from the previous month and 181 percent from April 2007, helping to bump the state's foreclosure rate up to third highest among the states. Foreclosure filings were reported on 11,620 Arizona properties in March, one in every 224 total households.  (Source: RealtyTrac.)

It is obvious that the number of homeowners that need a REAL SOLUTION to stop foreclosure is rising and the housing market is still declining. 

SellQuickForCash.com has the resources and team in place to handle any housing / financial situation. Our team of specialists are highly educated on Arizona's foreclosure laws as well as the foreclosure process. Short Sales (http://www.sellquickforcash.com/shortsale.htm) are our specialty and we offer a no-hassle, quick close without Realtors and the fees associated with a traditional sale. We pay cash for houses fast in the Phoenix - Metro market. We buy both nice and ugly homes and we can close within 3 days, sometimes faster or slower, depending on your financial needs. We are Arizona's #1 "Cash For Houses" homebuyer dedicated to helping families in their time of need.

http://www.SellQuickForCash.com/

INFO@SELLQUICKFORCASH.COM

480-861-8732

Vacancies Are Way Up!

Can't Sell, Can't Rent?  Housing Vacancies Are Way Up According To Bloomberg News.

STOP FORECLOSURE ARIZONA

Are You Trying To Sell Your House Fast In Today's Tough Real Estate Market?  Are You Trying To Stop Foreclosure, Or Short Sale Your House?  Are You Researching Different Companies / Realtors That Might Be Able To Help You?

If so, please consider www.SellQuickForCash.com as a viable solution to your housing problem!  Sell Quick For Cash is a local company in Arizona made up of a team of experts that provide real solutions to seemingly impossible housing problems.  We are not acting as Realtors, but as investors that can purchase your house in as little as 3 days!  We are Foreclosure Specialists and Short Sale Experts with complete knowledge of Arizona's Foreclosure Process.  We have helped hundreds of families avoid foreclosure and we can help you to.  In our eyes, we are so confident that once you talk with us compared to our competition, you will quickly see why we are Arizona's #1 "Cash For Houses" company!  To learn more about our solutions please click on the links below:

Sell My House Fast          Stop Foreclosure Fast

Estate Sale & Probate Real Estate          Real Estate Short Sales

http://www.SellQuickForCash.com/

INFO@SELLQUICKFORCASH.COM

480-861-8732

Do you owe more than your home is currently worth?    Is your home loan amount equal to or higher than your current home value?   Are you behind on payments, or realize that you can no longer afford your home?    If this is your situation, SellQuickForCash.com can help!

Selling a home that has a loan higher than it's worth is extremely difficult, if not impossible.  Who would want to pay above the true value of a home?  Usually when a homeowner owes more than the home's current market value and can no longer afford the home, they are left with two choices: 1. Lose the home to foreclosure due to no one wanting to buy an overpriced home;  2. Negotiate a short sale with the bank to ensure the home sells before foreclosure.

Obviously no homeowner wants to lose their home to foreclosure.  People who let their home go to foreclosure typically destroy their credit for 7 years during which time, it is nearly impossible to purchase another house.  There is a better way to exit from your financial burden...a Real Estate Short Sale!

So What Is A Short Sale?

A short sale is when the bank is willing to take a lesser amount of your home's loan in order to sell your home and Stop Foreclosure.  Basically, our company goes in and negotiates with your lender to accept a discounted sales price due to your financial situation, as well as the current market conditions.

For example: Your home's current market value is $200,000 You loan amount for your home is $225,000.  No one will want to buy your home for $225,000 because the real value is $200,000. The bank then realizes they must lower the amount owed to $175,000 (this number varies) so the home can sell.  This is just a simple example and all the numbers will vary from deal to deal.

So why Is A Short Sale Better Than A Foreclosure?

A Short Sale is a win/win solution for everyone.  Obviously the homeowner does not want a foreclosure on their record.  The bank definitely does not want to take the home back through foreclosure due to the large expenses and long waiting period.  So if the homeowner can complete a short sale, they will have successfully sold their home without losing the home through foreclosure, thus saving their credit.  And the bank will be satisfied due to not having to foreclose on the home saving time and money.

Plus, the time it takes to rebound from a Short Sale is much shorter than the time it takes with a Foreclosure!  Furthermore, it shows your character!  You are attempting to repay the loan that you took out which gives you peace of mind.

Homeowners desiring to do a short sale usually must show to the bank:

Typical Beginnings Of A Short Sale:

1. The homeowner(s) begin to miss payments
2. The lender(s) try to arrange a repayment plan
3. The repayment plan fails or is never attempted and the bank mentions a short sale
4. Requirements for a short sale are:
   1. A proven financial hardship
   2. Behind on payments (In most circumstances)
   3. You owe as much or more than your home is currently worth
   4. The homeowner requests a  short sale packet from their lender(s)
5. The bank notifies the homeowner(s) that they can't turn in the short sale packet until they have a signed purchase contract
6. The homeowner(s) decide to contact SellQuickForCash.com

WWW.SELLQUICKFORCASH.COM specializes in negotiating short sales for Arizona homeowners.  At www.SellQuickForCash.com we buy houses fast for cash with no Realtors, Fees, or Hassles!

WWW.SELLQUICKFORCASH.COM has a team of highly trained short sale experts who have established fantastic relationships with most banks.  We will handle your short sale transaction for you giving you the peace of mind you are searching for.  The short sale process is NOT a "do it yourself" project.  To successfully negotiate a short sale with a bank takes an experienced and highly trained real estate agent as well as a skilled negotiator.  Our advanced process is extremely organized and we conduct these short sales in the quickest time possible relieving you of the fear of foreclosure!

We Are A Member Of The BBB.  We Have Many Referrals.  We Are A Team Of Specialists That All Work On Your File!

CALL 480-861-8732 OR GO TO http://www.sellquickforcash.com/shortsale.htm NOW!

At SellQuickForCash.com, our professional, experienced home buyers can make you an offer for your property regardless of condition, age, repair needs or equity status. The only thing you need is a desire to sell. If you are shopping your home or don't really have a need to sell your home fast, our home buying service probably is not for you. Our home buying specialists buy houses from those who need a quick sale and fast close at a fair price.

Some of the ways we buy houses are:

Cash Transaction   -   Owner Financing   -   Creative Financing   -   Conventional Financing

Cash Transaction

This process takes between 3-14 days. The time is dependent on the title search.

Owner Financing

This is a process that provides the home seller numerous benefits. It is easy, quick and clean. The home buyer assumes your mortgage note and, if you have ample equity in your house, will cut you a check at closing.

Creative Financing

There are any number of ways to sell a home - too many to list here. Every situation and every reason for a sale is unique. If you and one of our home buyers come up with a creative way to sell a home, let us know so we can share it with others!

Conventional Financing

When a seller needs to sell a home fast, this is the most costly and cumbersome approach. With interest rates at historic lows, mortgage processing time is taking months to close in some cases.

Contact http://www.sellquickforcash.com/ Today For A Free Home Evaluation. Let One Of Our Specialists Evaluate Your Situation And Create A Custom Solution To Your Housing Problem 4

http://www.SellQuickForCash.com

INFO@SELLQUICKFORCASH.COM

480-861-8732

 

Dr. Jay Butler of ASU Realty Studies has released his home sales report for March, and there is a ton of great insight on what is happening in Arizona's local market. We created graphs to help all of us see the downward trends year over year! Let's start with our favorite quote:

The median home price remained stable at $220,000, in contrast to last year's $265,470.

Now while it is true that month-to-month, the median was unchanged, it is clear that there was a 17% YOY drop. In most circles that brings words to mind like "crash" or "plummet"- not "stable".

Here's the graph:

No, "stable" is not the word that comes to our minds- "consistent", maybe?

Sales

Butler reports:

March is typically an indicator for the coming resale home season, and with 4,335 recorded sales it's showing signs of a continuing weak market. Even though it is an improvement over the 3,750 sales of February, it is significantly below last year's 5,385 sales and is the lowest March since 1996, with 3,270 sales.

It is plain to see that with a 19.5% drop in sales year-over-year, we think the market is not so much "continuing to be weak", but "continuing to deteriorate".

Butler states:

While there are many problems rising out of the hyper-resale market, many households were able to acquire homes with traditional financing, according to Jay Q. Butler, director of Realty Studies in the Morrison School of Management and Agribusiness at Arizona State University's Polytechnic campus.

"People who settled in their dream homes with manageable mortgage payments have little incentive or pent-up demand to change their housing investment. Thus, lower sales activity should not be unexpected," he said.

Butler may not jump right out and state that he does not expect lower sales activity, but we do. Last year March was the busiest month of the year, and in 2006, it was the second busiest. While it is possible that there might be a month or two that are busier than March this year, it is unlikely that there would be a significant increase over March sales, and it is our expectation, based on traditional seasonal patterns that most months would be slower.

His conclusion is surprising, given this frank assessment of the current situation:

During the last year, the housing market has been confronting issues derived from the hyper-market of previous years such as the subprime meltdown and overly ambitious investors. Unfortunately, there is increasing data, such as job losses and layoffs, that the economy is now weakening and will add further stress for the housing markets.

Capital is available for lower-priced housing, but lacking in the higher priced housing market. The recent rise in the FHA limit from $271,050 to $346,250 will help some move-up market activity. However, the non-conforming limit is expected to remain at $417,000, which will be of little assistance to the higher priced market.

Last year, 39 percent of the resale homes sold for more than $300,000, while it was 27 percent for March 2008. Homes selling for under $200,000 have increased from last year's 16 percent to a current 40 percent of the local resale housing market.

The median square footage for a single-family home recorded sold in March 2008 was 1,770 square feet, which is larger than the 1,700 square feet for a year ago. In the townhouse / condominium sector, the median square footage was 1,160 square feet, which is larger than the 1,120 square feet reported a year ago.

In contrast to March 2007, recorded sales in the city of Phoenix decreased from 1,450 sales to 1,075, while the median sales price decreased to $185,455 from $228,000. Since Phoenix is a geographically large city, the median prices can range significantly such as $148,800 ($157,700 in February) in the Maryvale area to $263,500 ($260,000 in February) in the Union Hills area. The townhouse / condominium sector decreased from 400 to 195 sales and the median price decreased from $165,000 to $149,000.

The Scottsdale resale home market declined from 465 to 305 recorded sales, with the median sales price decreasing from last year's $635,000 to $525,000. The median resale home price is $605,000 ($573,570 in February) in North Scottsdale and $260,000 ($254,000 in February) in South Scottsdale. The townhouse / condominium sector in Scottsdale decreased from 280 to 155 sales, and the median sales price decreased from $265,950 to $236,750.

The Mesa resale housing market declined from 620 sales a year ago to 450, while the median price fell from $242,700 to $200,000 ($208,750 in February). The townhouse/condominium sector also fell from 190 to 90 sales, while the median home price decreased from $158,400 to $144,000.

Glendale decreased from 355 to 260 sales, and the median sales price decreased from $248,250 a year ago to $209,750 ($202,000 in February). The townhouse / condominium sector decreased from 50 to 15 sales, while the median sales price increased from $148,850 to $155,000.

For the city of Peoria, the resale market declined from 255 to 190 sales, while the median price moved from $270,000 to $235,900 ($225,300 in February). The townhouse/condominium sector decreased from 35 to 20 sales, while the median price increased from $165,000 to $175,700.

In comparison to a year ago, the Sun City resale market declined from 150 to 100 sales, while the median sales price decreased to $182,500 from $200,000. Resale activity in Sun City West decreased from at 70 to 60 sales, and the median sales price decreased from $217,450 to $214,000. The townhouse/condominium market in Sun City decreased from 75 to 65 recorded sales, while the median home price decreased from $131,000 to $119,900. In Sun City West, activity stayed at 25 sales and the median sales price decreased from $190,000 to $130,970.

The resale market in Gilbert increased from 290 to 295 sales, and the median sales price decreased from $295,500 to $245,000 ($254,700 in February). The townhouse/condominium market declined from 15 to 10 sales, as the median sales price decreased from $200,000 to $176,450.

For the city of Chandler, the resale market declined from 380 to 325 recorded sales, with the median sales price decreasing from $293,850 to $234,000 ($245,000 in February). The townhouse/condominium market declined from 65 to 20 sales, and the median sales price went from $170,000 to $145,000.

The resale market in Tempe decreased from 125 to 100 sales, with the median sales price decreasing from $278,750 to $237,000 ($240,000 in February). The townhouse/condominium sector fell from 95 to 35 sales, and the median sales price decreased from $198,500 to $160,000.

The highest median sales price was in Paradise Valley at $1,750,000 with a median square foot house of 3,995 square feet.

In the West Valley, the following communities represent 14 percent of the resale market.

Avondale decreased from 100 to 90 sales, with the median price moving from $232,280 to $185,130 ($194,570 in February).

El Mirage increased from 40 to 60 sales, while the median home price went from $213,750 to $146,900 ($149,500 in February).

Goodyear went from 105 to 125 sales, while the median price decreased from $255,000 to $220,000 ($220,490 in February).

Surprise improved 250 to 285 sales, but the median price went from $241,500 to $205,000 ($213,740 in February).

It is clear to us that the market is still correcting and that prices are obviously falling. At SellQuickForCash.com, we expect these trends to continue for at least another 12-18 months. Why let the current market conditions determine when you can sell your home? Gain peace of mind and call us today at 480-861-8732 and speak with one of our Home Buying Specialists. We are Arizona's #1 Foreclosure and Short Sale Experts and can pay cash for your house fast! If you are trying to sell your house fast, then trust the experts at SellQuickForCash.com and CONTACT US today.

http://www.SellQuickForCash.com/

INFO@SELLQUICKFORCASH.COM

480-861-8732

STOP FORECLOSURE ARIZONA

Local Arizona Company SellQuickForCash.com Helps Homeowners Stop Foreclosure Fast!

We know what you're feeling. You've had more than your share of difficulties the last few months. The good news is that you are not alone. Sell Quick For Cash can help you Stop Foreclosure Fast!

We understand that good people sometimes need a second chance. Most foreclosures are a result of an unexpected life event, such as:

• Death In The Family
• Difficult And Costly Divorce
• Lost A Job Or Had To Change Jobs
• Health Problems With Expensive Medical Bills
• Bad Decision When Pulling Out Or Refinancing Your Old Loan 

Maybe you're struggling with increased utility prices or fuel expenses or an adjustable rate mortgage (ARM) that is unbearable. Maybe you've already had to file bankruptcy or get a forbearance and the repayment plan is not working out. Maybe this is all a big mistake and the payments you've been sending were rerouted or lost because your mortgage has been sold or traded. Let us help you get back on track.

When Good People Need A Second Chance

Whatever the difficulty, we understand how it feels to choose between a mortgage payment or groceries. We understand what it's like to have continual phone calls from your lender ... calls at home, calls at work and letters in the mailbox.

You need to save your home but your lender is asking for too much money. You're not asking for them to forgive the loan but you need help creating a payment plan that you can handle. You just need someone on your side to negotiate with your lender to get you back on track.

Some Solutions If Your Financial Situation Was Only Temporary

Most Mortgage Companies will consider a Loan Modification, Deferment, Forbearance or a Repayment Plan as a first option to quickly bring the loan current. Our Foreclosure Specialists will use one of those options or perhaps a combination of those or any of the options below to develop your personalized strategy to stop Foreclosure.

• Reinstatement Plan
• Repayment Plan
• Loan Modification/Loan restructuring
• Loan Refinance
• Loan Forbearance
• Partial Claim

Some Solutions If You Can No Longer Afford Your Home, But You Do Not Want A Foreclosure On Your Record

• Pre-Foreclosure Sale
• Short Sale
• Deed-in-Lieu of Foreclosure

"Make no mistake.... to Stop Foreclosure you must act quickly and decisively. Your home will be sold unless you take the correct steps to satisfy the Mortgage Company and get your loan caught up."

We understand that each situation is unique and requires a custom solution from a trusted expert.  The best part about dealing with us, is we are a group of trusted experts that all contribute and play an important role on your foreclosure file.  So when you chose to work with us, rest assured each team member of SellQuickForCash.com will get personally involved and collectively work towards a common goal...helping you avoid foreclosure fast!

SellQuickForCash.com has the resources and team in place to handle any housing / financial situation. Our team of specialists are highly educated on Arizona's foreclosure laws as well as the foreclosure process. Short Sales (http://www.sellquickforcash.com/shortsale.htm) are our specialty and we offer a no-hassle, quick close without Realtors and the fees associated with a traditional sale. We pay cash for houses fast in the Phoenix - Metro market. We buy both nice and ugly homes and we can close within 3 days, sometimes faster or slower, depending on your financial needs. We are Arizona's #1 "Cash For Houses" homebuyer dedicated to helping families in their time of need.

http://www.SellQuickForCash.com/

INFO@SELLQUICKFORCASH.COM

480-861-8732