Today we received another call from yet again another potential seller who wants to short sell their home, but they're only a week out from the foreclosure date. One week simply isn't enough time to get the property listed, get the necessary paperwork turned in and get the bank to push out the foreclosure date.
WHY DID THEY WAIT?
The majority of the calls we receive when people are only one week out from the foreclosure date are from people who were waiting on a loan mod, only to have be turned down by the bank.
KEY POINTS
- A short sale has much less impact to your credit than foreclosure, period!
- DON'T WAIT! You don't need to wait for an answer on a loan mod to start your paperwork for a short sale with an agent.
- Arizona is a non-recourse state. (It's not a guaranteed pass go for free card, but it means that you can't be pursued for deficiency in many cases.) Consult a real estate attorney for evaluation about your individual circumstances.
- The Carver Home Team at United Brokers has a real estate attorney at prestigious Fennemore-Craig who offers our clients 1/2 hour free consultation and discounted rates for any time needed after that. www.fclaw.com
- Ask any agent you're interviewing what their short sale success rate is, not how many short sale listings they've taken or worked on, but their success rate in getting them through. The Carver Home Team has a 99% success rate with our short sales and we have the data to prove it.
- Work with agents that have the contacts to escalate to appropriate management levels at the banks when they run into road blocks with the negotiators. The Carver Home Team not only has the skill, but the necessary contacts at most banks to break through the usual bottle necks and STOP FORECLOSURE!
Dean and Sonia Carver
United Brokers Group, Agent/Owners
#1 Team - Over 125 Homes Sold in the last 12 months
Carver Home Team Founders
Million Dollar Guild Member
Certified Luxury Home Marketing Specialist
Certified Short Sale Consultant
Bank of America Preferred REO Broker
Email: sonia@carverht.com
O: 480.398.3125
M: 480.612.1048
F: 480.760.2371
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