Have you had a recent financial hardship, loss of job, or recent health issues that is kept you from affording your mortgage payment each month? Your not alone!! A short sale can relieve you from toxic debt and obligation, save your credit, and best of all you don't pay a dime in commission fees!
Stop throwing away your hard earned money every month into your overbearing and upside down mortgage and find out how you can relieve yourself from your bad debt.
We have found an effective solution to avoiding foreclosure
If your feeling overwhelmed by your home mortgage, a lender approved Short Sale may be the answer. We can do all the work with your mortgage company and you can avoid the damage of foreclosure.
Lenders are working with many homeowners by cooperating in a short sale on their property. A short sale is where the lender is willing to allow a sale and accept less than what is owed to them. Why would they do this? In the long run, financially this is a sound decision because a short sale costs the lender less money than a foreclosure. So if you qualify for a short sale, this may be the step you take before you let your house go into foreclosure. The good news in light of the alternative.
A foreclosure is too costly to your credit, job, and checkbook! Should your property go into foreclosure, your credit will be negatively impacted more than a short sale and it takes much longer to establish a good credit rating and longer to be able to purchase a home again. Your job may be in jeopardy due to a foreclosure if your company has any government contracts, is involved in financial planning or a myriad of other reasons. Click on the tab that says "compare the alternatives" for a detailed analysis of the cost of a foreclosure vs. a short sale.
You may also have to pay the taxes on the deficiency that the bank absorbs at your tax rate. There has been legislation to eliminate this "phantom income' however; there are conditions that must be met to qualify. Consider the lender selling your home at auction for $100,000 less than is owed on the home (this is a common loss for a lender to absorb in AZ). If you are in a 20% tax bracket you will owe the IRS $20,000 for letting your home go into foreclosure. If you have a second mortgage on the home, that lender will most likely file a lawsuit for its losses as well. Often a short sale specialist can negotiate with the lender(s) to release you from ALL future financial liability as well as the tax liability.
We specialize in Short Sales and can be your resource. Please feel free to call with any questions or concerns. Our goal is to provide you with the information to make decisions that are right for you and your family.
You have options! If you have fallen behind on your mortgage, you will receive information – and lots of not so subtle suggestions – from many people who want to take advantage of your temporary misfortune. They will tell you that time is your enemy and that you must act immediately to save your credit. That will normally be followed by a proposal to solve your problem by selling or deeding your property to them. Don't do it! Don’t do anything until you understand your options. You can't afford to not consider a short sale with our team!
Are you ready to Look into your options? click here
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