There are still hundreds of homes "under water" in Arizona.
In other words - the homes are worth less than the mortgage balance(s) - so it's not surprising that many homeowners are looking for solutions to stop foreclosure.
One solution to stop foreclosure and mitigate damage to a homeowner's credit is a Short Sale.
Short Sales are "regular resales" with one big difference.
Your lender(s) must agree to accept less than the amount(s) owed on your loan(s).
While there are many details regarding Short Sale Seller financial circumstances and the hardship they face, the bottom line is that most lenders prefer to stop foreclosure in favor of processing a Short Sale where the Seller is able to procure a Fair Market Value contract for their home.
After all, why foreclose on a home in Fountain Hills when the net result will be less money than processing and approving a Short Sale in Fountain Hills?
To find out how you can Short Sale your Fountain Hills home contact us for a FREE CONFIDENTIAL Short Sale consultation with an experienced and qualified Fountain Hills Short Sale Listing Agent.
The consultation will include a comprehensive description of the Short Sale process, and information to help you determine whether pursuing a Short Sale is the best course of action.
If you or someone you know is considering a Short Sale, we invite you to contact us to schedule a free, confidential, no obligation Short Sale consultation today!
Listen to what some of our dozens of happy Short Sale Sellers have to say about the Short Sale Process and Haven Express!
-----------------------------------------------------------------------------------------------------------------------------------------------------------------
Click the button below to Subscribe to our
Arizona Real Estate blog!
All images purchased and licensed from Shutterstock , shared from YouTube, sourced from Vectortoons, or were taken by the author unless otherwise noted.
Comments (8)Subscribe to CommentsComment