Agents Experience Can Help Facilitate SHORT SALE
March 10th, 2010
It can be a challenge to buy or sell a home in Queen Creek, AZ. Many people find the process to be too long and drawn out and become frustrated. When a home owner uses a short sale to sell their home, the process can become even more challenging. If you have found yourself in financial trouble and need to short sale your home, find a real estate expert that can help you handle the short sale process. They will give you the opportunity to get a new lease on life and a better living situation.
One of the best resources for finding information regarding the short sale process is the internet. Often times, help is just a click away. Because the short sale process is becoming more popular, there are abundant resources to give you information about short sale of your home.
A real estate agent that has dealt with short sale homes in the past will help you through this difficult process. It is important to find an agent with experience in the short sale as the bank or lender you are working with will undoubtedly want to deal with someone who has “been there, done that.”
A agent will give you some expert insight as to how the process works and what to expect at each step of the short sale. Because you may already be in dealing with the foreclosure of your home, it is important to act quickly to find an agent that can guide you through the short sale process.
The short sale in Queen Creek, Arizona is facilitated like this…
-home owner that wants to use a short sale finds a real estate agent to discuss the benefits of it and how it is used.
-real estate agent and home owner find a buyer for the property and take that offer to the bank
-with the offer, request that the loss mitigation department at your bank allow you to short sale your home.
-the bank can either approve of or deny the short sale, and if they approve, they can accept the offer as payment in full or require you to pay the difference between the offer price and the payoff amount of your mortgage.
Your real estate agent in the short sale process should be able to negotiate on your behalf to ensure that the bank accepts the short sale offer as payment in full. Then you will be free and clear of your debt.
These steps are not all inclusive and should not be taken as the concrete process of a short sale. It is always in your best interest to contact an industry expert regarding any major decision like this.
Bear in mind that you, as the home owner that wants to short sale your property, will have to prove to the bank that you are having a financial hardship.
For more videos on short sales check out Kevin and Fred on the Short Sale Power Hour. Video for Short Sale Specialists.
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Fred Weaver is a founding co-owner of Group 46:10. He has been working in the financing/real estate business for over 7 years. Fred began his real estate career by working for a large wholesale bank as a processor and rate/lock specialist for home mortgages. After 2 years in the business, Fred transferred from the banking side of home loans to the mortgage side. While on the mortgage side of financing, Fred gained experience originating mortgages and processing files for Morgan Capital of Arizona, Inc.
Kevin is a founding co-owner of Group 46:10. He began working in the real estate business in 2007 after spending 8 years working in the finance industry for companies such as Bank One, Green Tree Financial, & GE Capital.