Short Sale your home in the Prescott Arizona area

If you can't afford to make payments, keep you loan current, or unable to sell the property for the full amount of the loan, your lender may accept less than the amount owed as full payment.
There are good points for doing a short sale as well as well as a bad point which is that You Must Sell Your Home.
The good point are under the terms of a short sale, as mentioned above, is that the lender may forgive your mortgage according to the terms outlined in The Mortgage Debt Relief Act of 2007.  We strongly suggest that you speak with a qualified attorney about your options with the Mortgage Debt Relief act of 2007.  Fannie Mae  has announced a reduced mandatory waiting period to re-establish credit history to 2 years after completion of a short sale.  The mandatory waiting period to re-establish your credit with a forclosure is 7 years.
Call Charlie (928-710-2189) or Kathy (928-713-6292) if you think that you might be a short sale candidate