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Speak To Samone, Phoenix Professional Short
Sale Certified Realtor NOW....Call:
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Phoenix Short
Sale: Selling Your Phoenix Metro Home For Less Than
You Owe.
Stop Foreclosure!
Don't Walk Away From Your Home.
Click here for my
free report: Dignified Solutions To
Foreclosure. Then Call Me: I Have A Solution For You!
8 Steps For Sellers To Do a Short Sale in Real
Estate
Seller Short Sale FAQ
The 7
Most Dangerous Phoenix AZ Short Sale Myths
Foreclosure Vs. Short Sale in Phoenix Arizona
- Homeowner Consequences
Options And Solutions For Homeowners In Foreclosure
The 7
Most Common Phoenix AZ Short Sale Pitfalls
3 Must Have Qualifications For a Short Sale
Homeowner
If you've taken out a large mortgage, and perhaps
refinanced to cover remodeling or other expenses,
you may find yourself unable to keep up with your
mortgage payment after a layoff, divorce or illness.
More and more people are finding they need to sell
their homes for less than they owe on the mortgages,
known as a "short sale."
Selling short is definitely better than
foreclosure, which stays on your credit record for
ten years. But it's best to try to work things
out with your lender before going through the
embarrassing and laborious process of selling your
home on a short sale.
Tax Issues
Before you put your home on the market for a short
sale, it's best to talk with a tax advisor about
possible tax repercussions. It's likely the IRS will
consider the difference between the value at which
you sell your home and the mortgage balance as
"income" on which you'll have to pay taxes.
An exception to this rule is if you can prove that
you were "insolvent" - that your debts were bigger
than your assets- before your mortgage lender agreed
to a short sale of your property. A tax advisor will
be able to tell you for sure whether you'd be
considered insolvent by IRS standards.
If you can't prove you're insolvent, and the tax
bill on a short sale would be more than you can pay,
you may have to let the mortgage lender foreclose,
or declare bankruptcy.
Be Upfront With Your Short Sale Certified Arizona
Real Estate Agent
If you find selling you house for less than you owe
on the mortgage is an option short of foreclosure or
bankruptcy, you'll want to find a real estate agent
who understands your situation. It often takes much
longer to actually close the sale once the seller
accepts an offer. But many agents sympathize with
financial problems brought on by unexpected
circumstances, and will want to help.
Convincing Your Mortgage Lender
The
short sale buyer will need your help in
negotiating a short sale approval with your mortgage
lender.
Your bank will have to be convinced that you deserve
to be approved for a short sale. You'll need to tell
your mortgage lender about your financial hardships,
including layoffs, divorce or medical issues.
While this may seem obvious, now is not the time to
rack up the purchase of luxury items, like fancy
cars or jewelry. Your lender will see these debts on
your credit report and become convinced you're a
loose spender who doesn't deserve a break.
It may also be necessary to provide the lender,
either directly or through the buyer or buyer's
agent, documentation of your financial hardship,
such as paystubs, bank statements and so forth.
While this may seem like an invasion of your
privacy, try to think of it as the fastest way out
of an otherwise overwhelming debt.
Phoenix area Short sales take much longer to
close than more conventional sales, so plan
accordingly. If it works, you've avoided bankruptcy
and an ugly mark on your credit report. If it
doesn't work, you'll know that you've done
everything you could to avoid foreclosure and/or
bankruptcy.
Source; Sherrie Bennett
Complete the form below for assistance
with a selling your phoenix metro home
as a Short Sale.
Serving the entire Phoenix Metro Area
Short Sale Market.
Phoenix, Scottsdale, Paradise Valley,
Cave Creek, Carefree, Sun City, Peoria,
Glendale, Surprise, Buckeye, Avondale,
Tempe, Chandler, Mesa, West Valley,
Westgate.
Phoenix AZ Short Sales
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While Short Sales were virtually unheard of only a few
years ago, now the majority of banks and lenders are
negotiating and closing these deals. They allow a homeowner
with a legitimate hardship to sell their property for less
than the balance of their mortgages and avoid foreclosure.
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Buyers pursue short sales to get a good deal.
Making an offer on a pre-foreclosure, short sale home is not
as simple as you may believe, and very few can close in 30
days or less. You want to work with a Phoenix Certified
Distresses Property Expert (CPDE) who is specifically
trained to work through the intense process of assisting you
in securing the home you wish to buy.
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Homeowners who are in the pre-foreclosure process need to
speak with an educated agent as quickly as possible. For
many homeowners foreclosure is not the only option however
most do not get the opportunity to explore solutions.
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 Foreclosure
Vs. Short Sale in Phoenix Arizona - Homeowner
Consequences
Sellers may wonder whether letting a property go
into foreclosure would be easier and smarter than going
through a short sale. A short sale has better a better
outcome on your future home buying, employment and more. |
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Serving the entire Phoenix
Metro Area.
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Paradise Valley short sales, Cave Creek short sales,
Carefree short sales, Sun City short sales, Peoria
short sales, Glendale short sales, Surprise short
sales, Buckeye short sales, Avondale short sales,
Tempe short sales, Chandler short sales, Mesa short
sales, West Valley short sales, Westgate short
sales, El Mirage short sales.
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Samone
Bollerud-Beitler
GRI. CDPE. Realtor®
Certified Distressed Property Expert
RE/MAX
Desert Showcase
14155 N. 83rd Ave.
Suite 120
Peoria, AZ 85381
Email:
samoneb@remax.net
Phone:602-390-1462
FREE Short Sale MLS Listings Search
Selling Your Home As A
Short Sale
Short Sale Strategy
For Phoenix Sellers
8 Steps For Sellers To Do a Short Sale in Real
Estate
Seller Short Sale FAQ
The 7
Most Dangerous Phoenix AZ Short Sale Myths
Foreclosure Vs. Short Sale in Phoenix Arizona
Homeowner
Consequences
Options And Solutions For Homeowners In Foreclosure
The 7
Most Common Phoenix AZ Short Sale Pitfalls
3 Must Have Qualifications For a Short Sale
Homeowner
Buying A
Phoenix Metro Short Sale Home
Phoenix Short Sale - Foreclosure Advice
and Info Blog
I welcome the opportunity to
provide you with a level of service and
commitment that is truly above and beyond
the rest, setting a new standard of results
in the real estate industry. I am committed
to providing value for you before, during
and after the transaction so that your needs
are always addressed and satisfied.
Specializing in Phoenix Short Sale homes for sellers
and buyer.
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Selling Your Home As A
Short Sale
