SHORT SALE FOUNTAIN HILLS AZ
A short sale is a real estate transaction where a homeowner is facing hardship and gets permission from a bank to sell their property for less than they owe on the mortgage. If your house in Fountain Hills, AZ is worth less than what you owe on the home loan, a short sale maybe your best alternative to foreclosure.
Short sale requires a unique set of skills for a real estate agent and the short sale approval can very much depend on how your agent negotiates with the lender and buyer. Our short sale team has a high success rate on approvals from the banks and closed short sales in Fountain Hills 85268, 85269, Phoenix, Scottsdale, Tempe, Mesa, Glendale, Chandler, Gilbert, Peoria, Surprise, San Tan Valley, Avondale, Goodyear, Paradise Valley, Queen Creek, and Litchfield Park, Arizona.
Bank approves short sales when they believe a hardship situation exists, however, hardship is not only determined by how much money a person earns but also it factors in a person's expenses, especially if expenses have increased and income has decreased.
Stop Foreclosure Fountain Hills
Let our experienced Fountain Hills short sale real estate agents help you avoid foreclosure in Fountain Hills, AZ. We will negotiate directly with your banks to get short sale approvals for you. Our goal is to reach out and educate homeowners who are behind on their mortgage or think they soon will be. We have solutions that may save your credit and enable you to start fresh.
Fountain Hills short sales are complicated but, can help sellers who owe more than home is worth. A short sale occurs when a property is sold for less than the total debt owed on the property. Fountain Hills short sale must be approved by the lenders and borrowers requesting a short sale must prove a hardship such as a mortgage payment increase, job loss, divorce, excessive debt, forced or unplanned relocation.
Our professional short sale service is totally free for our clients. Contact us for a free confidential consultation today!
Fountain Hills Short Sales
The simple schedule of home loans and numerous linked methods like the payment of equivalent monthly installments has made purchasing a house an easy task. With the rapid growth of real estate service in Fountain Hills, AZ you can promptly prepare an optimal home on your own now. However, sometimes, such investments can end up being risky. Mortgages on a house as well can show to be the hugest risk feasible. You typically can not pertain to terms with the place. At the same time, there are several possibilities that the value of your home can decrease rather than appreciating. Consequently, the value of money that you have spent on the house is a lot more than its existing worth. This eventually ends up being a greater issue, if you bought the house on a home loan. To this rescue, comes a passionate solution is known as Short Sale.
By doing a short sale in Fountain Hills, Arizona, we just imply that you can sell your undervalued house to another buyer with the consent of your bank. If the amount owed to the financial institution happens to be more than the amount you will actually get, in case you sell your home, then the best choice would be to do so. If the bank consents to a short sale, you can sell your house to a home buyer at its decreased value and also get the balance crossed out by the bank. Typically, the financial institution writes off your equilibrium from its account. The sum not paid by you shall be revealed as revenue in your accounts by the financial institution.
Short sale Fountain Hills just takes place when there is an outright assurance that the money value of your house can not increase in the future. To avoid the risk of a total loss, the financial institution typically approves the reduced amount of short sale.
Risks also exist if you are the one who buys short sale homes in Fountain Hills, AZ. There are many common mistakes that individuals make when they buy a home for themselves in a short sale. If you are purchasing such a home, then you must very carefully inspect the condition of the property. Real estate investment will only be profitable if the house is in good condition. An additional common mistake is that of neglecting house problems. You have to make certain that there are no forgeries or legal problems with the property that you are getting otherwise it might result in bigger troubles in the future.