When it comes to real estate in the Phoenix Arizona area, many who are facing foreclosure decide to learn more about short sales, and how they work. No one wants to lose their home, but when financial worries are steadily increasing due to the economy, sometimes we feel we have no choice. This article will give you a clearer picture of the process, so that you may make an informed decision.
When it comes to short sales, you should speak When it comes to short sales, you should speak with your real estate agent certified with your real estate agent certified in distress property situations, who will help you with any questions or concerns you may have. You know that foreclosing on a home will ruin your credit, and cause you embarrassment. Add to that the fact that you most likely will not be able to purchase another home for several years, and it simply is not an attractive option.
Here are some of the pros and cons of short sales:
Pros
You can purchase another home in only two years, instead of waiting five years. This is probably the biggest motivating factor for most people when choosing a short sale.
Your credit won\’t be as badly damaged.
You may avoid the embarrassment and stress of the process for you and your family. A short sale as opposed to a foreclosure can also help your neighbors. One less foreclosure in the neighborhood will help the community.
Cons
Sometimes there may be a lengthy wait for the bank to respond to the offer.
There may be many potential buyers taking a tour through your home to see if it is something they are interested in, so keeping your house straightened and cleaned constantly may be a chore.
Although it most likely won\’t be a problem, there is no guarantee that the lender will accept the buyer\’s offer.
The paperwork can be frustrating. The bank will ask you for personal records, other bank accounts, assets and liabilities, etc. This is done in order to prove your hardship, and additionally they may want a hardship letter in writing from you.
If you don\’t mind a little extra work, this may be a way for you to avoid foreclosure and all of the nasty things that come with it. Money worries are a huge concern recently, and many are facing the possibility of losing their homes. Before you make a final decision, speak with a reputable certified distress property Phoenix realtor about how short sales may be the best option for you.
RefNum: 2010202125-36822-43403
They say location is everything when it comes to real estate, and if you believe this creed (and you should!), then the remarkable Arizona city of surely will not disappoint. One can find everything here, from cozy cottages to magnificent mansions. Prices range from $5,900 to $27,500,000, so there is quite the selection to choose from, including the alluring samples featured below. Visit Bank Foreclosed Real Estate in to see the complete lineup of the area’s available properties.
Call this 1,020 Square Foot Property in Scottsdale, Arizona, Home for $64,900
Need offer fast to stop foreclosure bank willing to do short sale. 2bd/2ba updated condo located next to Fashion Square Mall and old town Scottsdale. Walk to mall, restuarants & the waterfront. Well maintained & updated in 05/06 with new paint,kitchen cabs/counter,range/ovenplantation shutters,new wiring & lighting,bathroom fixtures, ceiling fans + balcony. Located close to pool/mailboxes. No yard maintenance. Ready for move in, lock and leave. Check with HOA for restrictions,land lease & other important info.
Listing Courtesy Of:
Melanie S Sanders, RE/MAX Excalibur
Listing Source: MLS# 4148139
Call this 1,588 Square Foot Property in Phoenix, Arizona, Home for $64,900
Lender Owned home. Tile thru-out common areas. A little TLC will make this property a home. Show & Sell. Buyer to verify all information. Sold AS-IS, no repairs, no SPDS, no CLUE.
Listing Courtesy Of:
Nanci Kimble, Atlantic & Pacific Real Estate, LLC
Listing Source: MLS# 4255026
If you would like additional information, please visit www.searcheastvalleyforeclosures.com. Copyright 2010 Arizona Regional Multiple Listings Service, Inc. All rights reserved. Listing provided by the Arizona Regional Multiple Listings Service. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Listing information was last updated on 6/19/2010 1:26:00 AM.
RefNum: 2010170161-35393-5570
The time has never been better to consider purchasing real estate in . You can make this wonderful place your home for as little as $2,000! www.vieweastvalleyforeclosures.com can introduce you to all of the 42,194 listings that are currently on the market, including further details on the featured properties below.
Hot Property: 1,512 Square Feet for $54,900 in Phoenix, Arizona
**REDUCED $20,000 FOR QUICK CLOSE*** LENDER OWNED AND PRICED TO SALE*** GREAT 4 BED/2 BATH WITH POOL, CENTRALLY LOCATED IN WELL ESTABLISHED PHOENIX NEIGHBORHOOD. BANK REO HOME READY FOR ITS NEW OWNER. COOL OFF BY THE POOL ON THOSE HOT SUMMER DAYS IN YOUR PRIVATE BACK YARD. SELLER WANTS SOLD SHOW AND SELL TODAY! NO SPDS OR CLUE WILL BE PROVIDED AS SELLER HAS NEVER OCCUPIED PROPERTY. SELLER ADDENDUMS AND `AS-IS` WILL BE PROVIDED AFTER ACCEPTANCE. PLEASE SHOW AND SUBMIT ALL OFFERS. THANK YOU!
Listing Courtesy Of:
Scott E Gibson, Re/Max Renaissance Realty
Listing Source: MLS# 3003986
Hot Property: 1,088 Square Feet for $54,900 in Phoenix, Arizona
NOT a short sale…corporate owned…much better!! This townhouse is in a good location near downtown Phoenix. Shopping, entertainment, freeways, parks, schools and bus stop nearby. HOA includes almost everything! Has community pool and spa with mature landscaping. 2 bedrooms 1.5 baths, 2 levels with nice saltillo tiles downstairs. Has nice patio with lots of room for plants and flowers. Has 1 carport, but additional parking around complex, good for roommates. Needs a microwave and possibly some new carpet. No disclosures, as seller has never lived in home. Buyer to verify all info they deem important. Property is selling as is, no repairs will be made by sellers. Seller acquired home through foreclosure, therefore no SPDS or Clues reports will be given.
Listing Courtesy Of:
Dean Pagel, Keller Williams Arizona Realty
Listing Source: MLS# 4215188
If you would like to view additional listings, please visit the Keller Williams Realty Sonoran Living site. Copyright 2010 Arizona Regional Multiple Listings Service, Inc. All rights reserved. Listing provided by the Arizona Regional Multiple Listings Service. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Listing information was last updated on 3/24/2010 2:27:00 AM.
RefNum: 2010831616-29142-33666
With an abundance of residential development, has been attracting new residents in droves. And with home prices starting at $550, it’s no wonder. Below are some samples of on-market properties showcasing what this thriving community offers in the way of housing. For a complete rundown of homes, just visit Chandler Short Sale Realty.
With 4,454, this home in Chandler, Arizona is on the market for $399,000
***Last approved price was $460k and bank wants this sold, this is a short sale***Hurry bring offers before you lose out on a great opportunity. This home needs some updating but is livable and has great potential. HOUSE APPRAISED IN 2007 for $1.4 million
Listing Courtesy Of:
Brett Kalina, West USA Realty
Listing Source: MLS# 3007698
With 2,767, this home in Queen Creek, Arizona is on the market for $399,000
reduced again!!!OUR BUYERS WALKED NEED AN OFFER NOW!outstanding horse property! this home has everything!interior is rustic but classy,full covered back patio,exit from master,lots of storage,huge gourmet kitchen with custom cabinetry,horse set-up includes,awesome 8 stall barn,round pen, full size arena,lots of lush pasture! landscaped to a tee. fenced with the real pipe rail no climb. an all around class act!tucked away in an area that is secluded but still close to all schools and stores etc.
Listing Courtesy Of:
Kimberly Larson, Century 21 Arizona Foothills
Listing Source: MLS# 4049462
For additional information, see the Hunt Real Estate ERA site Copyright 2010 Arizona Regional Multiple Listings Service, Inc. All rights reserved. Listing provided by the Arizona Regional Multiple Listings Service. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Listing information was last updated on 3/10/2010 2:20:00 AM.
RefNum: 2009324220-16704-48761
Buyers marvel at the selection of Gilbert AZ Homes. At the moment, 42,359 homes are priced from $550. Take a look at our featured listings below.
For further information or additional listings, please visit the Long Realty Partners site. Copyright 2010 Arizona Regional Multiple Listings Service, Inc. All rights reserved. Listing provided by the Arizona Regional Multiple Listings Service. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Listing information was last updated on 3/10/2010 2:20:00 AM.
RefNum: 200931800-16580-50465
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