Short Sale Specialist A Valuable Resource
July 25th, 2010
With foreclosures on the rise in Phoenix, Arizona, many people are choosing the short sale as a way to avoid foreclosure. If you are one of these people, you should consider finding a short sale specialist to work with you. It is important to remember that your lender needs to approve the short sale of your home. A short sale specialist has methods that can get that approval from your lender. With foreclosure in sight, a short sale specialist can help you quickly find a buyer for your home and also help you move through the process of a short sale.
Basically, the short sale is when a financially burdened home owner in Phoenix, AZ, many times through no fault of their own, gets approval from their lender to sell the home for less than the value of the mortgage. There are two key reasons for using a short sale. First, the home owner’s credit score will not take such a drastic hit as it would with foreclosure. Secondly, it is one of the best proven methods to avoid foreclosure. Many other options simply delay the foreclosure process. Because of the time critical nature of foreclosures, finding a short sale specialist is key.
Many people forget the leverage they have in a short sale; the bank does not want to foreclose on your home and take possession of it. Neither you nor your lender want to the legal hassle and fees that come with foreclosure. Because of the unique nature of the short sale process, a short sale specialist is paramount to the adventure.
Here, now, are some of the benefits of using a short sale specialist and his services.
* A short sale specialist can help you gain approval from your bank to short sell your home.
* A short sale specialist has the experience to deal with the procedures and processes of gathering information that the bank needs to understand the reasoning behind your need to short sell the home.
* A short sale specialist knows your real estate market. So your home can be listed and sold in a timely manner.
* Probably most important, a short sale specialist can alleviate much of the stress that comes with the short sale process as they guide you through it all.
In a poll of 100 different short sale specialists across the nation, they stated that the number one benefit they provide is the ability to get the bank to issues a judgment of Payment in Full despite the sale price of the home not covering the existing mortgage payoff.
If you are one of the unfortunate people that may face foreclosure in the near future, consider the short sale as a way out of your regrettable situation.
For more videos on short sales check out Kevin and Fred on the Short Sale Power Hour. Video for Short Sale Specialists.
Posted in 
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.