Top 10 Things You Should Know About Short Sales
Deb NicholsREALTOR®, GRI, ABR, CSSN
Cell Phone: 602.769.9217
Toll free: 888.263.0093
Deb earned her Real Estate license in 2004, has an amazing attention to details in a transaction. Deb is a strong believer in education, and holds a GRI designation.
Roland ClevelandREALTOR®, CRS, ABR, CSSN
Cell Phone: 602.788.0708
Toll free: 800.944.3760
Roland has been a full time Realtor for nearly four years, and his positive and upbeat attitude make the entire buying and selling process a stress free experience.
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By J Summers The time is really hard these days. Many people have already lost their jobs because of the widespread financial difficulty. One of the results of the global crisis is the inability of home owners to pay for their mortgages. It is easy to pay when there’s a monthly income to depend on. But with so many people getting laid off, the monthly budget can’t afford to pay for all the monthly obligations. Not having sufficient amount to pay the home mortgage is a very difficult situation. The house is such an important property. What’s more difficult however is the consequence of default monthly mortgage. If the situation goes unchecked for a couple of months the lender may start a process that would end up in your house being sold to be able to pay the mortgage amount. If the initiative came from the lender then the process of foreclosure will start. At the end of the period of wherein the debtor is given a chance to save their house and no action is taken, the house will be sold and the proceeds will be used to pay up the house mortgage. There are various solutions that the debtor can take before the start of the foreclosure process. One of them is short selling the house. A Short Sale Help is an agreement between the homeowner and the lender to sell the house at a price at slightly lower than its market value. Whatever are the proceeds will go to the lender. So the lender may get an amount lower than the mortgage value. Though a Short Sale Help seems to be the only solution to the problem of default mortgage, the truth is there are lots of other remedies that will benefit the home owner as well as the lender. Be careful when transacting with a third party company regarding the Short Sale Help. A lot of people know that there are profits in short selling that doesn’t necessarily go to either the lender or the home seller. Selling the property at a lower price is already a loss for the home owner. He will not get any proceeds because the agreement is that the proceeds of the sale are entirely given to the lender. The lender may or may not profit in the selling process but it will save a lot of money by bypassing the legal actions that usually cost a lot of money. There are companies however who are willing to pay the home owner a fair amount of money relative to the value of the house. In this kind of transaction the home seller may actually sell the house at higher value thereby making profit in the sale of his property. This is not a Short Sale Help. The home is sold for what it’s worth. A house is sold at a lower cost because of some selling mistakes. The house may have looked very old and the price is too high. It would be better to present the home as best as possible and price just right so buyers will not shy away from it. A Short Sale Help may be good in order to sell the house fast. But if the home is good enough to get a higher price so that the full value of the mortgage can be paid while leaving enough for the seller then that would be the best solution. About the Author: Are you worried about Short Sale Help ? Do you believe there’s nothing you can do? You need to know all of your options – you can be SAVED from foreclosure. Go to http://www.walkawaytoday.org to get your free e-course on understanding foreclosure and how you can avoid it! Source: www.isnare.com Permanent Link: http://www.isnare.com/?aid=366689&ca=Real+Estate Continue reading
By Reed Lattin Arizona Short Sale Short Sale Help is basically a process where the lender and the borrower enter into an agreement that intends to make the best out of an unfavorable situation. And the situation being described here is none other than an economic recession or slump. When the economy is down, people who mortgaged their homes will be less able to pay for their debts. With Arizona Short Sale Short Sale Help, borrowers like you can have a better chance to turn around and avoid foreclosure. For instance, if you qualify for a Short Sale Help Phoenix, your bank or lender agrees to take payment that is much lower than the amount you owe them. In short, an Arizona Short Sale Short Sale Help is a better way to deal with your mortgage compared to getting your property foreclosed. Nevertheless, many people are still not aware that AZ Short Sale Help does exist. Worse, not many realtors are knowledgeable about how an Arizona Short Sale Short Sale Help is processed. Therefore, many people are not taking advantage of the many benefits that an Arizona Short Sale Short Sale Help can offer lenders, borrowers and, believe it or not, even buyers of properties. For people who are into buying and selling real estate, AZ Short Sale Help is a good way to drum up business even during a financial crisis. It is important to note though that Arizona Short Sale Short Sale Help is not a favor from banks or lenders. It is not something that they do out of charity for defaulting borrowers. A statewide Arizona Short Sale Short Sale Help or a more focused Short Sale Help Phoenix is actually part of the standard business procedures that banks often do. It is a way for lenders to cut their losses. Instead of retaining non-cash assets in their books, banks and other mortgage lenders would rather have cash. So, in a Short Sale Help Phoenix, borrowers like you do not have to feel indebted to the lender, whether in cash or goodwill. Arizona Short Sale Short Sale Help can help you make things right at a time when financial failures and disappointments are rampant. Arizona Short Sale Short Sale Help, also called AZ Short Sale Help, comes in many forms. And not all of them end up in total cancellation of debt. There are cases when the borrower still has to pay the remaining balance between the amount owed and the proceeds from the Short Sale Help Phoenix. So, make sure to clear things up with your bank’s loan officer. It feels really bad when people are losing their homes due to foreclosure. Losing ownership to your home can ruin your very sense of dignity. Fortunately, Arizona Short Sale Short Sale Help can protect you from embarrassment. It is true that an AZ Short Sale Help will also result in losing your home. Nevertheless, it is so much better than having to face foreclosure. An Arizona Short Sale Short Sale Help sets you free from your mortgage debts at a lower cost. When you pass for a Short Sale Help Phoenix or a statewide Arizona Short Sale Short Sale Help, you definitely avoid bad credit rating. Overall, AZ Short Sale Help means you can have a better control of your finances even when the economy is on a downward trend and your resources are tight. About the Author: Reed Lattin is a Phoenix, Arizona Short Sale Short Sale Help expert who specializes in helping homeowners. If you owe more than your home is worth and need to sell, contact Reed at 602-762-1270 or visit Reed’s Arizona Short Sale Short Sale Help webpage Source: www.isnare.com Permanent Link: http://www.isnare.com/?aid=343464&ca=Finances Continue reading
By Reed Lattin The economic recession that the United States is into right now has triggered so many Short Sale Problems for ordinary homeowners. The thing is that the very property that secures the mortgage debt can be difficult to sell at true market values. So, in the end, more and more homeowners are falling behind in debt payments. This is where Scottsdale Short Sale Help comes in. Qualifying for a Phoenix Short Sale Help or an Arizona Short Sale Short Sale Help will allow you to sell your home fast and avoid the adverse effects of having a bad credit record due to a foreclosure. But before you even put on your coat to go to the lender or bank that lent you mortgage money, you must have a fair idea of what to expect in a Scottsdale Short Sale Help. First, a Scottsdale Short Sale Help should be your last resort right before foreclosure. If you think that you can somehow still manage your debts, then avoid choosing Scottsdale Short Sale Help or even a statewide Arizona Short Sale Short Sale Help. The most compelling reason that you must factor in when deciding on a Short Sale Help is the impending foreclosure of your property. If the threat of foreclosure is imminent, then use Scottsdale Short Sale Help to stop it. Next, just like in anything that you do, you need the help of experts. Scottsdale Short Sale Help may look easy to do, but in reality, selling your home, even at a huge discount can be difficult, especially at a time when everyone else is going through some belt tightening. So, to increase the chances that your property will be successfully sold via Phoenix Short Sale Help or even the wider Arizona Short Sale Short Sale Help, you have to call up guys who are master salesmen and experts in the process of short selling. The success of your Scottsdale Short Sale Help depends, in no small part, to the negotiating skills of the agent doing the short selling. Besides, by hiring a professional, you do not have to put up with endless paperwork. Finally, in negotiating for a Scottsdale Short Sale Help, you need to have someone who accepts the offer on your home. The bank or mortgage lender from whom you owe money will simply ignore your application if there is no investor willing to buy your home. Simply put, there are basically three parties in a Phoenix Short Sale Help or the statewide Arizona Short Sale Short Sale Help. The mortgage lender, the investor and the homeowner, that’s you. You (or your agent) make an offer, the investor buys your home, and then the bank or lender accepts or qualifies you for Scottsdale Short Sale Help. Truly, the main objective of taking advantage of Scottsdale Short Sale Help is to extinguish your debts, specifically the mortgage that is secured by your home. With Phoenix Short Sale Help or Arizona Short Sale Short Sale Help, you avoid foreclosure. But that’s not all. You should also be aware of the other advantages or eventualities that normally exist in a Scottsdale Short Sale Help. For instance, few people may know that many professionals who perform Scottsdale Short Sale Help, Phoenix Short Sale Help, or any other Short Sale Help in and around Arizona Short Sale offer services for free. About the Author: Reed Lattin is a Scottsdale, Arizona Short Sale Short Sale Help expert who specializes in helping homeowners. If you owe more than your home is worth and need to sell, contact Reed at 602-762-1270 or visit scottsdale Short Sale Help Source: www.isnare.com Permanent Link: http://www.isnare.com/?aid=350732&ca=Advice Continue reading