If you bought or refinanced your home in the last 6-7 years, chances are you are underwater and are planning an exit strategy. 

Many homeowners would be financially better off walking away.

There's no question that a good chunk of underwater homeowners likely would be richer in the long run if they abandoned their homes. Housing prices are unlikely to surge again soon, and it could be years, if not decades, before the value of some properties once again exceeds their loans. In the meantime, many people could save money by walking away and renting instead, or hitting the equity "reset" button by buying another house while they still have good credit and then defaulting on their earlier loan.

Short Sale
If a homeowner owes more on their property than it is currently worth, then they can hire a qualified real estate agent to market and sell their property through the negotiation of a short sale with their lender.

Benefit: A short sale allows the you to avoid foreclosure and salvage some of your credit rating. You can then qualify for another mortgage in as little as 24 months (as opposed to five years for a foreclosure)

 

Take the first step to see if a short sale is the right exit strategy for you and call or email us @

discoverhomesaz@gmail.com

Contact a short sale specialist for a free consultation

We are here to help!

Joe Tropple (480) 567-2047

Claire Bradhsaw (480) 628-9566

Supporting our Military and Veterans

Promoting Home Ownership Within the Military and Veteran Communitiesmilitary veterans association of real estate professionals


 
This post has been included in Arizona Real Estate News

1 Comments on ***** UNDERWATER IN YOUR HOME??? WE HAVE YOUR EXIT STRATEGY ******

NOV
09
2011
1 Featured Post Outside Blog

I would throw on the old disclaimer of not being an attorney and so on with this blog. Best of luck to you both!
6:44am • #1

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