What is an Arizona short sale?
Do I qualify for a Phoenix, Arizona Short Sale to save my foreclosure?
A short sale, sometimes called a short pay-off, occurs when a lender accepts a pay off amount less than what is actually owed on an existing mortgage balance.
Example:
Sally Homeowner owes ABC Lending $285,000 on a home she bought four years ago that is actually only worth $218,000 in today's market. Knowing she must act face because an auction date is approaching quickly, Sally agrees to sell her home to an investment company. The investors approach her lender and negotiates a purchase price of $193,000 and the transaction closes. Sally saved her credit from foreclosure and will quickly be in a better financial position because she took action and made the right decision.
Yes. We can short sale your Phoenix home!
Contact Randy Helps Homeowners today using the "Sell Now" form!