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Phoenix Arizona's Short Sale Pros
Are you considering a Short Sale? Check out these Phoenix Arizona Short Sale Frequently Asked Questions. read more...
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Phoenix Arizona Home Owner News
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What is a Short Sale?


Arizona Short Sale Real Estate Professionals

According to the Arizona Association of Realtors®, “The term ‘short sale’ is used to describe a sale in a situation where there is more debt owing against a property than the property’s value. In a loan default situation, (pre-foreclosure) the creditor(s) may be willing to agree to allow the property to be sold for less than the loan amount and/or accept less than (or “short”) the amount owed as payment in full.”

In other words a short sale is when a lender accepts less than the amount due to satisfy the loan.  The lender, now Creditor,  “forgives” the borrower a portion of the debt. As you can imagine, creditors are not too keen on this, and the procedure to complete a short sale is neither simple nor easy. Typically, creditors will consider approving a short sale only when they calculate that it’s in their best interest. For example, the borrower is unable to repay the loan, is facing a foreclosure, and the current value of the home is less than the loan balance.  The creditors best interest are almost always price and terms.  It is their job to decide wheather they would net more money accepting the best short sale offer they are presented with or foreclose on the property. 

Borrower may put the home up for sale, find the buyer, and request that the lender accepts the proceeds of the short sale as the full repayment of the loan. The lender will consider whether this will net them more money than a foreclosure and whether they could get the money faster. If so, they may approve a short sale. Like we said, the short sale process is neither simple nor easy, and there are multiple levels of approval the borrower must go through. The short sale also has a negative impact on a borrower’s credit report, but far less of an impact that a Foreclosure.  For many Arizona Home Owners a Short Sale may be their best option to get rid of a depreciating asset. 

To learn more about Short Sales in Arizona and to see if you and your home qualify for a Short Sale, please Call 480-422-1999 or send us a quick note..  Check out How the Foreclosure Process Works and read more about How Short Sales Work and you should stop by our Short Sales Frequently Asked Questions  section to learn more.


Search the ARMLS for Real Estate For Sale in Phoenix, Arizona


search the arizona armls for all for sale propertiesWhat is the ARMLS?

 

The Arizona Multiple Listing Service (ARMLS) is the database of ALL REAL ESTATE FOR SALE, listed by every Realtor®  throughout the entire Phoenix Real Estate market!  This is the same database Phoenix Real Estate Agents  access, so go ahead and Search the MLS like the Agents do. 

The Phoenix Real Estate professionals at myREALpro.com™ are available to provide expert assitance in locating the perfect Phoneix Real Estate, Free. From analyzing and comparing the asking price to scheduling a convenient time for you to inspect the real estate.  We work hard to protect the Real Estate buyers best interest.  Please call us at (480) 422-1999 to begin your Phoenix Real Estate search.


Phoenix arizona real estate market - Google News
Will Homeowners Take Mortgage Market With Them if More and More Walk Away? - Credit Union Times2/9/2010 7:55 AM

Will Homeowners Take Mortgage Market With Them if More and More Walk Away?
Credit Union Times
"The problem is that the business cycle for real estate is very long and it can he hard for homeowners to find a strategy to ride out a down cycle to a time ...
After Recording Busting 2009, CU Mortgage Lenders Face Difficult YearCredit Union Times

all 2 news articles »
Glendale questioned over land deal - KSWT-TV2/9/2010 8:58 AM

Glendale questioned over land deal
KSWT-TV
The Arizona Republic reports the Pendergast family originally sold the land near the Cardinal's football stadium to San Diego real-estate investor David ...
Details on land deal in Glendale raise questionsArizona Republic

all 12 news articles »
Homebuilders have high hopes for 2010 - Green Valley News2/9/2010 10:56 AM

Homebuilders have high hopes for 2010
Green Valley News
Cathy York, president of the association, said 2009 was a pretty stable year for the local real estate market considering the rest of the US economy. ...

Bill aids AZ campus stadiums - Arizona Daily Star2/9/2010 1:12 AM

Bill aids AZ campus stadiums
Arizona Daily Star
The university needs $170 million just to keep Sun Devil Stadium functioning, said Steve Nielsen, ASU's assistant vice president of university real estate ...

and more »
Affordable housing options in Gilbert are slim - East Valley Tribune2/8/2010 5:17 PM

East Valley Tribune

Affordable housing options in Gilbert are slim
East Valley Tribune
The December 2009 resale home market report from Arizona State University's Center for Real Estate Theory and Practice reported Gilbert's median home price ...


Yahoo! News Search Results for chandler arizona real estate
Police union blasts Chandler job cuts plan (East Valley Tribune)2/4/2010 8:35 PM
Eliminating 17 support staff from the Chandler Police Department would overburden officers with paperwork and keep them off the streets, despite City Manager Mark Pentz's claim the proposal would have "no appreciable effect" on emergency response, police union leaders said Thursday.
Vision Gallery to remain in downtown Chandler (The Arizona Republic)2/4/2010 4:13 PM
The Vision Gallery in downtown Chandler won't be forced out right away after all.
Top Youth Volunteers in Each State Selected in 15th Annual National Awards Program (Business Wire via Yahoo! Finance)2/9/2010 7:00 AM
WASHINGTON----America’s 102 most outstanding youth volunteers – two from each state and the District of Columbia – were named State Honorees today by The Prudential Spirit of Community Awards, a nationwide program honoring young people for exemplary acts of volunteerism.
Has East Valley lost the power of the perk? (East Valley Tribune)2/6/2010 1:12 AM
East Valley leaders and real estate experts say cities have lost one of their most powerful tools: The ability to use taxpayer money as an incentive to lure new business.
Chandler budget cuts could axe rangers, shorten library hours (The Arizona Republic)2/1/2010 8:19 PM
Chandler cuts may pale in comparison to Phoenix and Tempe, but 39 workers could lose jobs.

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We strive to be the most informative website in the Phoenix Real Estate Market.  We assist distressed Phoenix Arizona real estate owners avoid foreclosure by short selling their real estate.  At myREALpro.com you can search the Arizona Multiple Listing Service (ARMLS) for Residential and Commercial Real Estate For Sale or Real Estate For Rent.  Shop for homes throughout the Phoenix Arizona Real Estate Market.  Receive Free Professional House Valuation for Real Estate you own in and around Phoenix Arizona.  Search for Rental Homes, Townhouses and Apartments using our Rental House Search Engine .  View luxury homes for sale in in prestigious Phoenix Arizona Neighborhoods.  Subscribe to our Home Owner News , an Informative Real Estate Newsletter with valuable tips and tricks and a fresh perspective on the Phoenix Real Estate Market.  Read the latest Real Estate news for the entire valley of the Sun including our Blog.

Short Sale Disclaimer
Website visitor and all clients acknowledge that Broker/Agent is not qualified to provide financial, legal, or tax advice regarding a short sale transaction. Therefore, the Seller is advised to obtain professional tax advice and consult independent legal counsel immediately regarding the tax implications and advisability of entering into a short sale agreement.

Listing Disclaimer 
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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We abide by the rules and plicies enforced by the National Association of Realtors, The Equal Housting Authoriy, and locally by the Arizona Association of Realtors.

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