SHORT SALE BEHIND ON EQUITY-Steve Horn

Can I short sale my house in the Phoenix market if my house is worth less than my mortgage balance? As a phoenix short sale specialist, I can compentely answer that question. Remember, at all costs the bank does not want to foreclose on the property. There are several different scenarios that we need to prove to the bank in order for a successful Phoenix Short Sale.

***does the client have evidence of hardship, the hardship can be created by loss of income, loss of job, divorce, job relocation etc...

****short sale vs foreclosure, the bank in most cases is going to want the home to sell as a short sale vs foreclosure.

****Is there a foreclosure date set. If there is a foreclosure date set bank will be much more willing to work a short sale.

Please keep in mind, we have closed over 100+ short sale properties. We have had clients who are suffering extreme hardship other clients have not been as severe. Bottom line is there is a much higher success rate on the short sale, than there is on a loan modification. As a phoenix short sale real estate agent, I will advise you properly on what your best options are.

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