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A Good Way To Avoid Foreclosure In Gold Canyon
While the Short Sale days of the previous decade are for the most part behind us, the reality is that there are still hundreds of homes "under water" in Arizona.
While it's true that not every property facing foreclosure in Gold Canyon is "under water", may of them are, and unfortunately many homeowners still don't understand that the likelihood is they will be far better off doing a Short Sale of their Gold Canyon home than allowing their Gold Canyon home to be sold at auction on the courthouse steps!
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 Gold Canyon when the net result will be less money to the lender(s) than processing and approving a Short Sale in Gold Canyon?
To find out how you can ... more
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