Tony and Suzanne Marriott's Phoenix Arizona Real Estate Blog

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Needing To Short Sale Your Home In Glendale?

While the number of homes "under water" in Glendale is significantly less than just a few years ago, some homeowners who purchased just before the "crash" that started in 2007 are still in a position where they owe more on their home than will be forthcoming from proceeds of a sale of the home.

 

If you need to sell your home, and you are in this situation, a Short Sale is one solution to this situation.

 

By definition a Short Sale is a regular resale with one distinct and significant difference. The agreement of your lender(s) to accept less than the balance owed on the loan(s).

 

Whether or not you meet the other "requirements" of your lender(s) such as a "valid" hardship can only be determined by consultation with a skilled and experienced professional.

 

There should be no upfront charge for an initial consultation - whether with a Glendale Short Sale Listing Agent or an attorney qualified and experienced in Glendale Short Sales.

 

At the end of the consultation(s) you should have learned what the Short Sale process is, and should receive a significant amount of information to assist you in making a careful, informed decision.

 

Short Sales are not something to rush blindly into - they require commitment from the Sellers to see it through, and hinge on the Glendale Short Sale Listing Agent's skill set in:

- securing a fair market value contract for the property

- presenting the Short Sale package to the Sellers Lender(s) for approval

- and knowing when and how to escalate to senior executives at Bank of America, Chase, Citi, Wells Fargo and other Short Sale lien holders.

 

If you are considering a Short Sale in the Glendale Arizona metropolitan area, you are welcome to contact us to schedule your free, confidential, no obligation consultation.

 

 

 

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All images purchased and  licensed from Shutterstock , shared from YouTube, sourced from Vectortoons, or were taken by the author unless otherwise noted. Aerial Photos by and used with permission of Sunlit Drones, LLC.

About the Authors - Updated 2018

If you are considering a Traditional or Short Sale of your home in Phoenix, Scottsdale or any location in Maricopa County Arizona, you owe it to yourself to talk with Haven Express @ Keller Williams Arizona Realty to determine whether Tony and Suzanne Marriott are the best real estate Brokers in the Phoenix and Scottsdale metropolitan area to help you with the Successful Sale of your home.

Tony and Suzanne have personally Listed, Sold and Closed more than a hundred Short Sales with the highest list to close rate in the Phoenix Metro Area!

Tony Marriott - Chief Executive Officer - Haven Express @ Keller Williams Arizona Realty

Suzanne Marriott - Chief Learning Officer - Haven Express @ Keller Williams Arizona Realty

Associate Brokers, REALTORS
Haven Express
Keller Williams Arizona Realty

Comments

Yes but now everything we get forgiven is taxable. And most times a BK cant get rid of that.

Posted by Paul Antonelli, Broker Owner; Antonelli Realty (Antonelli Realty) over 3 years ago

Great information!  Thanks for sharing and make it a wonderful day!  Not many short sales here right now

Posted by Kristin Johnston - REALTOR®, Giving Back With Each Home Sold! (RE/MAX Realty Center ) over 3 years ago

Sucessessful short sales require a high degree of specialized knowledge from the listing agent. Your clients are lucky to have you on their side.

Posted by Elva Branson-Lee, CDPE - Atlanta Real Estate & Short Sale Agent (Solid Source Realty GA) over 3 years ago

Better to be taxed on the short fall on a short sale than taxed on the larger short fall on a foreclosure Paul Antonelli - thanks for stopping by with a comment!

 

Posted by Tony and Suzanne Marriott, Associate Brokers, Haven Express @ Keller Williams Arizona Realty (Serving the Greater Phoenix and Scottsdale Metropolitan Area) over 3 years ago

There are far fewer these days Kristin Johnston - REALTOR® - thanks for stopping by with a comment!

 

Posted by Tony and Suzanne Marriott, Associate Brokers, Haven Express @ Keller Williams Arizona Realty (Serving the Greater Phoenix and Scottsdale Metropolitan Area) over 3 years ago

Thanks Elva Branson-Lee and - thanks for stopping by with a comment!

 

Posted by Tony and Suzanne Marriott, Associate Brokers, Haven Express @ Keller Williams Arizona Realty (Serving the Greater Phoenix and Scottsdale Metropolitan Area) over 3 years ago

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