Realtor AZ

Reasons to Short Sell

November 1, 2011

Of course every homeowner wants to save their credit and avoid foreclosure if possible.  So what are the top reasons to complete a short sale? Top 7 Reasons to complete a short sale: Missed payments, no plan to catch up In foreclosure- you have an auction date Can no longer afford the home No desire [...]

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Life After a Short Sale

October 27, 2011

Once you have chosen to sell your home through a short sale to create a better financial situation for your family, the next concern is “what will happen after the short sale?”. Once the Short sale is completed successfully, the home sells.  So the Seller must have a place to move his/ her family.  Most [...]

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Foreclosure vs. Short Sale

October 17, 2011

One fact it seems is not discussed much is the 1099-c.  This 1099 is issued when there is a cancellation of debt.  So if a home is foreclosed or sold as a short sale- there is a 1099-c issued by the Lender. Most homeowners believe that by allowing their home to foreclose, they are all [...]

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Your Hardship

October 12, 2011

Sometimes, the phrase “hardship” throws our clients for a loop.  We met with new clients the other day, they stated they have “good income”, so when I started to discuss their hardship, they seemed somewhat stumped.  However, we got to talking more and more and every month, after bills, they didn’t have enough money for [...]

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Worried about a lawsuit after your short sale?

October 8, 2011

This has been in the news lately- a homeowner completes a short sale, then their Lender sues them for a deficiency judgment after the short sale is approved. I don’t think a deficiency judgment could be a worse situation- you have lost your home (sold it) and now owe the bank the remainder of the [...]

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