Every homeowner in Arizona should be well educated on their options to avoid a foreclosure in Arizona via a Arizona Short Sale Specialist Realtor. There are many options are available in Arizona to distressed homeowners however; short sales are becoming increasingly popular due to its abilities to assist homeowners in Arizona. Short sales offer cash back incentives in Arizona for relocation, a credit score that suffers far less than one of a foreclosure in Arizona and the assistance of a Arizona short sale specialist at no cost.
Something every homeowner in Arizona worries about is how their credit will be affected once a short sale all is complete. Truth is, a short sale in Arizona itself may drop your credit score by 50 points, but it will be the delinquent mortgage payments in Arizona that do the most damage; each missed payment ranging around 30 points. Time is very important in a short sale. Most of the time you can even start the short sale process before you are late on your mortgage. I have helped many homeowners who have kept their payment current during the whole process, and they didn’t even see a credit score drop. They actually purchased a home for a lot less, but just as big as their current home immediately after the Arizona short sale. When you compare a short sale vs foreclosure in Arizona you will see that a foreclosure may lower your credit score by 300+ points and sit on your credit report for up to ten years. A short sale in Arizona will typically recover within two years while usually displaying “paid as negotiated” or “settled in full” on your credit report. A foreclosure in Arizona also has the potential to hold you back from a certain career path because it is not uncommon for employers to do a credit check before making a decision. You also may see issues after a foreclosure when trying to rent a home or apartment. Typically larger apartment complexes and property management companies are notorious for turning away renters that have had a foreclosure.
One of the greatest benefits of a short sale is having an experienced Arizona short sale specialist assisting you throughout your short sale. The goal of a Arizona short sale Realtor is to handle all negotiations on your behalf while working aggressively to get your home sold in Arizona. A highly qualified Arizona expert in short sales will be able to keep constant exceptional communication with all parties involved while offering their services to you, at no cost; your lender will typically pay all commission and closing costs. There is no reason to let your home in Arizona go into foreclosure when you have options available and professionals who dedicate their lives to helping distressed homeowner.
There are many Programs available for Arizona Homeowners who are facing foreclosure. Some lenders such as Chase Bank and Bank of America have even started sending out letters to their clients who are behind on payments. Certain Programs such as the Chase Bank Short Sale Arizona and Bank of America Short Sale Arizona offer upwards of $35,000. Most Agents in Arizona do not know about these programs or how you as the homeowner can receive the incentives. If the incentive is not asked for during the short sale, the bank is not going to come out and just offer you the large sum of cash. That is why working with an Arizona Short Sale Realtor is so important.
Other programs are the HAFA Program for all those who are delinquent, but maybe do not fall into the guidelines of any specialist Arizona Short Sale Programs that are being offered. HAFA ( Home Affordable Foreclosure Alternatives Program ) Program is a great program offering relocation assistance.
As An Arizona Short Sale Specialist, Contact me if you or someone you know is facing a foreclosure or simply can not afford to keep making payments. Lenders have programs offering cash from $2500 up to $35,000 to short sale your home.
Can my current Realtor handle my Arizona Short Sale?
This is a question that really needs to be researched. Arizona Short Sales are specifically designed to be handled by an experienced Arizona short sale specialist who have many short sales completed under their belt and the proof to back it up. Simple certifications or training does not do the trick. Just as the saying goes, real experience is earned by doing, not hearing. There may be Realtors who claim they can take on a short sale, but it’s very important to check out their proof to those claims. It would be devastating to begin a short sale only to see it was rejected due to an incompetent Realtor who claimed to be able to bring you to a successful completion of your short sale. I am your Arizona short sale specialist and have helped hundreds of area home owners avoid foreclosure with a short sale. I am here to serve you and can offer you no cost assistance with the Arizona short sale process.
Let’s talk today! Call for a consultation 480-720-3389
Tim is a Real Estate agent at Rock Point Realty, (License No. SA581217000), covering the greater Arizona area.
Helping Arizona home owners avoid foreclosure with a short sale
Tim Grossglauser specializes in short sales in Arizona. I am your Arizona Short Sale Specialist Realtor and Arizona loan modification and distressed property expert. This article and content is for general informational purposes and may not be accurate. This should not be taken as legal advice, technical or tax advise under any circumstance. Seek legal advise and representation in all legal matters.