We Can Help You With a Short Sale
A short sale can be a good way of avoiding foreclosure and minimizing damage to your credit. A foreclosure record is reported to the credit bureaus and will remain on your credit for seven years. If your able to arrange a short sale prior to the foreclosure sale date, you can lessen the negative impact on your credit.
Another issue with a short sale can be a deficiency judgement. Since you are selling your home for less than the amount owed, the lender may choose to file a deficiency judgement for the balance of the loan. Or, they may choose to require you sign an unsecured promissory note. We negotiate a waiver for both as part of our sales contract. This means, that before we agree to buy your property, the lender must agree not to pursue either. Call us at 520-495-0686 to learn how we can protect your interests.
Before you hire an agent, give us a call
Real estate agents are very good at marketing your property. However, they will not help to protect you against a deficiency judgement or promissory note. Why? Because they do not want to put up road blocks. Contract contingencies complicate the process and they only get paid when a sale closes. Call us to learn why agents hire us to handle their short sale files.
Try us without cost to you
Meet with us and we will answer all your questions and go over every option. If you would rather stay in your home, we will assist you with a loan modification. Do not pay real estate agent or mortgage brokers for something you can do yourself. In fact, we will assist you without cost to you. Call us now to learn how we can help.