 Thomas Jefferson said, "If you find yourself at the end of your rope, tie a knot and hang on." Unfortunatly in today's real estate market in Arizona, tying a knot may end up costing you more money, grief and stress. Fortunatley, you may have several options to assist you in "letting go" responsibly and doing ultimatly what is best for you and your family's financial outlook.
So if you find yourself in a position where you owe more than your real estate is worth and you can no longer afford to pay for it, then a short sale may be your best option. Arm yourself with knowledge so you can avoid the stress and anxiety associated with facing foreclosure and going through the short sale process. What is a short sale?
Simply put, a short sale is a real estate transaction where the homeowner, aka the borrower, owes the lender(s) more than what their property is worth. In a short sale, the lender must approve and accept less than what they are fully owed. This means they may settle for $400,000, even if you currently owe them $500,000...even if the loss is hundreds of thousands of dollars. Now with the new Federal Programs, the banks are incentified to accept more short sales. Let me ask you, - Are you facing a financial hardship that you know will decrease your income?
- Are you getting behind on your mortgage and you're not sure if you can catch up?
- Are you currently facing Foreclosure and Need to Sell Quickly?
If you are facing any of the situations above, and you think a short sale might be your best option, then read on. If you're still not sure and just want more info, then scroll to the bottom of this page and request a free copy of our article "The 9 Alternatives When Facing Foreclosure." Everyone else...
Don't worry. It's not your fault and you are not alone..... Keep in mind, we've all had our ups and downs in life and a lot of other good people are also in the same tough spot as you. Life seems scary when you're facing the reality of foreclosure and we know how you feel when you just don't want answer the phone any more. We have all been there and unfortunatly it doesn't seem like the tide is breaking. In 2010, according to Realty Trac over 60% of Real Estate transaction will be short sales. It's sad but true! Did you know that nearly 90% of the homeowners nationwide who try to "short sale" their home will end up losing their home to foreclosure due to an uneducated, misinformed or lazy agent? Don't allow this to happen to you! We specialize in Short Sales, and we get them approved! We have gotten short sales approved with most lenders including Bank of America (Country Wide), National City (PNC Bank), JP Morgan Chase, Wells Fargo, Wachovia, Citi Bank, Aurora Mortgage, Homeq, and many other lenders.
The truth is that the majority of agents that are "trying to help" have not been properly trained and sadly, they are misinformed as to how to even negotiate with lenders. Some even get so far as to submit your 'short sale packet' and then just sit back and wait for a response! In the end, they simply don't know how to help you and you will become one of those "90%" that were not helped. Short sales are not easy!
...unless you seek the help of an expert agent with a proven track record. I have been personally trained by a former Chief Loss Mitigator who is a career loss mitigator and asset manager with 20 years in the business, The Loss Mitigator is ultimately the guy at the bank who accepts or declines short sales. With his training and mentoring I have been able to help many homeowners save money and their credit. We have successfully negotiated short sales for hundreds of families and as you can see from my recent approval letters, link to the left, we actually get the banks to say YES to our short sales. Before you agree to have an agent help you sell your home, ask him/her to show you just one short sale approval within the last 6 months... I doubt they can. The best part is, I have learned valuable tips and tricks from from Bank Insiders to ethically BEAT THE BANK....93.2% of the time. My trainer and mentor most recently worked for IndyMac Bank, a top ten lender, as the head of their HELOC loss mitigation division. His insider knowledge and broad base of industry contacts allows us to get our approvals faster than any other agents in Arizona! In fact, we are professionally negotiate other Agent's short sale transactions, helping them get fast approvals. Now it's up to you...
I am ready, along with my team of experts, to go to battle for you. Are you ready to take a serious look at your options and see how a short sale can help you: - Avoid Foreclosure
- Avoid paying TAXES on the money the bank loses at foreclosure! (Yes, you may have to pay taxes on the amount of loss to the bank if the home goes to foreclosure!)
- Save your credit from the "Foreclosure" ding
- Avoid Bankruptcy
- Relieve the stress and anxiety that this financial burden has become
Beware... Not all agents can do a short sale and not all people qualify for our help. I am here for you if your situation meets the following criteria: - You have a valid hardship
- You have little or no equity in your home
- You are unable (or soon will be unable) to pay your bills on time
- You want to work with a Real Estate and Short Sale Pro.
If you're not sure and just want to find out if you qualify, give me a call and I will walk you through your options. Believe it or not, you may just need help getting a temporary reduction in your payments to 'catch up'. In any case, call me to talk about the several options that you may not be aware of. If you don't know what else to do and you don't call me , what will it cost you in damaged credit, frustration and stress? I know how you feel and I can help. Let's start with a Free Home Valuation. I will email you a Comprehensive Market Analysis so that you may have all of the information you need to make the best choice. Sincerely,
Zack Alawi, Realtor® CSSN® (Certified Short Sale Negotiator)
Short Sale Pro Team
480-422-1999 P.S. Don't let the lender's abusive scheme take advantage of you and cause you to lose your home to a foreclosure auction, trustee sale! Save your credit and have peace of mind dealing with a Pro. |