What is a Short Sale?
What is a Short Sale? A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth. In the past, it was rare for a bank or lender to accept a short sale. Today, however, due to overwhelming market changes, banks and lenders have become much more negotiable when it comes to these transactions. Recent changes in corporate policy and... [Read more about this property...]
What happens to my credit if I do a Short Sale in AZ?
The credit consequences of a short sale and the credit consequences of a foreclosure vary slightly. The general consensus is that a short sale will show up on your credit report as a “settled”, “settlement for less than owed” or a “pre-foreclosure”. Also, since some lenders will not consider allowing a short sale until a few payments have actually been missed you may also have a few “lates”... [Read more about this property...]
10 Foreclosure Avoidance Options
10 Foreclosure Avoidance Options for Arizona Homeowners Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Following is a brief explanation of these solutions: Reinstatement A reinstatement is the simplest solution for... [Read more about this property...]
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