Another Slam Dunk !! Surprise, AZ Short Sale Just Closed

             Just Closed Short Sale..
SELLERS, Don't let your Home slip into Foreclosure!
Get your HOME SOLD!! Pay nothing out of Pocket

I am dedicated to helping people with the short sale process. 97% of the short sales I have done have CLOSED!! Are you facing a foreclosure here in Arizona, not sure where to turn? Do you want to sell your Phoenix area home, but owe more than it is worth? WE CAN HELP! We help people avoid foreclosure and save their credit.

*DO NOT PAY SOMEONE TO NEGOTIATE YOUR SHORT SALES FOR YOU* YOU NEED EVERY DIME IN YOUR POCKET! NO COST SHORT SALE!!

Reasons you should consider our  Short Sale Services:

1. NO UPFRONT MONEY OR FEES REQUIRED
2. You owe more on your property than it’s worth
3. You want to avoid the credit devastation of a foreclosure
4. Your moving to a new area and can’t sell your home or afford double payments
5. You are an investor who got over extended with properties or payments
6. You lost your job or experienced a significant decline in income
7. Foreclosures in your neighborhood or area have destroyed property values
8. You want to avoid a default judgment from your lender
9. Your payments have significantly increased due to an ARM interest rate adjustment

Let Me help you 

Linda Wieczorek CNE,CSSN
Arizona Elite Properties
REALTOR®
ARMLS-MLS Home Search
602-391-8246

AZHomes4u@gmail.com 

Can I Purchase A Home If My Spouse Does A Short Sale?

Via David Krushinsky (Mortgage Professional - Phoenix, AZ - NMLS 202115):

Short sales, in most cases, are one of the most economical solutions for all parties involved when a borrower can no longer afford their home.  The bank typically incurs a smaller financial loss than would result from an ultimate foreclosure or continued delinquency on the mortgage payments.  Borrowers may be able to soften the overall damage to their credit, and potentially settle future deficiency judgments. The big question on hand is.......What is life like after a short sale?? 
If you're married and your spouse has recently had a short sale, you may still be able to purchase a home. 
For the majority of married couples, their homes are purchased together using joint credit, income and assets. This article will address the following situations; the spouse purchased a home before the couple was married in his/her name, or the spouse purchased a home, qualified on his/her own qualifications and the other spouse disclaimed their interest in the property.
Let's take a look at an example of what a typical scenario might look like for a typical borrower.
Mr. Smith bought a home in 2002.  He was forced to do a short sale in 2008 because he lost his job and could only find employment that paid 50 percent of his previous income. When Mr. Smith purchased his home, he was able to qualify on his own and Mrs. Smith was not included on the loan.  Mrs. Smith signed a disclaimer deed at the closing.  Mrs. Smith has since graduated from medical school and returned to the workforce.  Mr. Smith and Mrs. Smith would like to purchase a new home together. Unfortunately, Mr. Smith's credit will not allow him to be part of the loan due to the short sale.  Even if Mr. Smith's credit score has rebounded from the effects of the short sale, Mr. Smith still must wait 2-3 years before he can buy using most traditional financing.
Mrs. Smith can qualify for a home on her own even though Mr. Smith had a short sale less than 2 years ago, provided she meets the standard qualification standards.  Mrs. Smith would like to purchase the home with a FHA loan.  In community property states, such as Arizona, Mrs. Smith can still purchase the home even though the lender will review Mr. Smith's credit history.  However, any additional debts which appear on Mr. Smith's credit report will have to be included in her qualifying ratios.  As long as she can qualify on her income alone, she will be able to purchase a home.  Mr. Smith will have to sign a disclaimer deed, relinquishing all of his rights to the property.
Please note: This article was written per Arizona State laws and other states may differ.  Please consult your mortgage consultant to discuss the laws and regulations applicable to your state.

 

Phoenix Arizona Short Sale Help

If you find yourself in a position where you can no longer afford your home and you owe more on in it than it is worth, then a short sale may be your best option. Simply put, the short sale is a means to sell your property for less than what you might owe to a lender, provided you acquire the approval of the lender. In most cases, it serves as a mean to avoid foreclosure, as most homeowners facing financial hardships or even bankruptcy qualify for this service. The short sale is a viable alternative to bankruptcy and foreclosure, as it offers a legitimate means to deal with the economic pressures you might be facing.

What reasons qualify me for a short sale?

* If you owe more than your house is currently worth, then a short sale might be the best course of action for you.

* Financial hardships, such as divorce, loss of a job, or a decline in income are also reasons to consider this option.

* If you are nearing foreclosure, then the short sale offers an alternate route that isn’t as detrimental to your credit.

* Finally, if you lack equity but are still forced to move, a short sale might be your best option.

Regardless of the reasons; pre-foreclosure consultation is an invalid and important service, and the sooner you receive it the better. Time only acts against you in this situation, so please take the time to speak with a real estate/foreclosure specialist as soon as possible. It will serve as your life vest in these troubling economic times, so don’t waste another moment worrying what to do.

Why do I qualify as a short sale specialist? Why should you call us?

I work on a team that specializes exclusively in short sale negotiations and pre-foreclosure consultations. We are all fully licensed realtors, each with years of experience. In that time, we have built relationships with all the major banks, offering invaluable contacts through which to serve and help you, the homeowner. Above all, we exist to serve you, and offer honest, confidential advice about short sales and pre foreclosure options. Contact us today if you have any questions whatsoever, and remember that we, as a team, exist for your own personal benefit.
Please call today for your FREE NO OBLIGATION CONSULTATION. We would love to work with you. Linda 602-391-8246