Short Sales
According to the Distressed Property Institute 70% of people facing foreclosures do not consult a Realtor. Homesaver Real Estate is the premier real estate brokerage for short sales. We handle many short sales and the majority of our business comes from past client referrals and other real estate professionals who consider us the best in the business.
What makes us different is our experience and our corporate structure. Many short sale “specialists” are agents who utilize assistants who get a bonus when the deal closes. As a result they treat the more expensive homes with a higher priority than the less expensive homes. They also try to get as much business as possible with no regard to the outcome – in short, they expect to fail some portion of the time.
Some people ask, “Why not just walk away from the house?”
- Your long term credit history will be dramatically better if you do a short sale
- Lenders offer a cash incentive up to $3,000 in many cases for people who elect to do a short sale under the federal HAFA program
- Though your lender may threaten you with foreclosure – in many cases they will not take the house for years, however they will charge you extra fees like forced insurance which they will then sue you for. You are not protected from this under the AZ foreclosure laws and it can cause bankruptcy
- While you own the home – if it is vacant – you are liable to anyone who is injured on the property
- If you have a Home Equity Line Of Credit (HELOC), a cash-out refinance, or any other type of recourse loan, a short sale is the best way to settle those debts without declaring bankruptcy.
What does Homesaver Real Estate do that makes us “The Best”?
- Our SALARIED transaction coordinator diligently organizes and follows up with lenders regardless of transaction amount
- Our experience allows us to accurately price homes so that the property sells quick and the bank accepts our price
- Negotiation is the name of the game! Know thy enemy! The decision makers on the other side have incentives and guidelines. If you understand these a short sale is a painless process. Otherwise it can be very difficult
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