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 Reed Lattin There are many pieces to the Phoenix, Arizona Short Sale Short Sale Help process that must be executed well when attempting to save a homeowner’s credit and Short Sale Help their home. This article was written to highlight some of the more common responses from banks when negotiating an Arizona Short Sale Short Sale Help. Keep in mind that every bank has its own set of rules and policies. Moreover, strategies that work with some banks will not work with other banks. In other words, there is no exact science to getting a Phoenix Short Sale Help approved, but having the right Phoenix Short Sale Help team with real life experience will help greatly. One of the more common responses that I have heard from banks when attempting to negotiate an Arizona Short Sale Short Sale Help or Phoenix Short Sale Help is that the bank “will not negotiate and take a loss”. Obviously no bank wants to take a loss on a loan. Often times the bank will state that their written policy is not to negotiate with delinquent payments and or to agree with an Arizona Short Sale Short Sale Help. They will usually say that if the homeowner cannot continue to make payments on the home, then foreclosure is the only other option. These responses are much more common when the homeowner is not behind on payments and the Phoenix Short Sale Help agent initially contacts the bank. Banks will then assess the situation and see how dire the financial crisis is. In my opinion, if you attempt to negotiate a Phoenix Short Sale Help when your mortgage payments are current, odds are that the bank will say they won’t negotiate. I don’t blame them, in their eyes you are seen as a homeowner who can still financially afford the home. But on the other hand, I tend to see a different tone with banks when negotiating a Phoenix Short Sale Help when the homeowner is 3 months behind. The banks seem to realize that the financial crisis with the homeowner is legitimate and that there is no other option. Although being behind on payments can help with a Phoenix Short Sale Help, there are still banks who won’t negotiate at this point. But, within the last 6 months, I have noticed that more and more banks have become easier to deal with. In fact, many banks have done a noble job in reacting to the nation-wide financial crisis by adding more support staff for Short Sale Helps in Phoenix, Arizona Short Sale. Yet, there always seems to be a few banks that claim they still won’t approve a Phoenix Short Sale Help or take a loss regardless of the payment history. But, these same banks have instantly changed their policy in front of me when the homeowner has opted for bankruptcy. I have dealt with banks that claim the decision making is “out of their hands” all the way up to the point where word “bankruptcy” is mentioned. At this juncture, almost all banks have agreed a Phoenix Short Sale Help and taking some sort of loss with their loans. I am not advocating or recommending that a homeowner should intentionally fall behind on payments to increase the chances of getting a Phoenix Short Sale Help approved. Nor am I encouraging homeowners to file for bankruptcy in an effort to Short Sale Help their home. Before making any decisions regarding a Phoenix Short Sale Help or Arizona Short Sale Short Sale Help, please contact real estate attorney. About the Author: Reed Lattin is a Short Sale Help expert in Phoenix, AZ And owner of AllHomesAZ.com which offers Short Sale Help help AllHomesAZ.com-member of the Better Business Bureau Get Short Sale Help help at www.allhomesaz.com Contact Reed Lattin directly at 480-227-5214 Source: www.isnare.com Permanent Link: http://www.isnare.com/?aid=335906&ca=Real+Estate 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