Patience Through The Short Sale Process

There are many homeowners in the Phoenix market strugglingto make their mortgage payments and severly behind in their equity position. As your Phoenix Short sale Realtor, it is my job to advise you on all the different options that exist and find the option that fits best for you. I recently had a client discuss waiting out the market and we took a look at the following positive and negative outcomes of this decision:

Positive: your credit would not be affected and you would not have to risk law suit from the bank.

Negative: in a depreciating market you are going to continue to lose equity, could be 10+ years before your home recovers, will have a credit hit on your report but will be able to purchase after repairing your credit in 2 years.

As a Phoenix short sale specialist, I walked through all of the pro's and con's and we decided especially since she was relocating that trying to hold on to the home was probably not the best choice. If the banks were willing to reduce principal, different story. My client attempted loan modification and it failed which in turn affected her credit score. If you are needing advise on options continue visit www.shortsalesdoneeasy.com and schedule a free consultation with a Phoenix short sale expert.

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• Steve Horn
• Short Sale Specialist
• Phoenix Short Sale
• Short Sale Options