Tony and Suzanne Marriott's Phoenix Arizona Real Estate Blog

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Why Foreclosure? You Do Have Options To Avoid It In Desert Hills

Although we no longer see the levels of Short Sales that we did a few years ago in Desert Hills,  Notices of Default continue to be issued, meaning that yet another Desert Hills property is on the path towards foreclosure at auction on the courthouse steps.

 

Suzanne and I wonder why the owners would allow the property to go to foreclosure, rather than investigate alternatives that may be mutually beneficial to themselves and their lenders.

 

Not all properties heading for foreclosure are necessarily "under water" - which theoretically means they could be sold via a "traditional" sale rather than a "short sale" - but circumstances may mean there are other liens attached or other factors that inhibit or prevent the owners from selling the property - whether or not it's a short sale.

 

Short Sales are "regular resales" with one big difference.

 

Your lender(s) must agree to accept less than the amount(s) owed on your loan(s).

 

While there are many details regarding Short Sale Seller financial circumstances and the hardship they face, the bottom line is that most lenders prefer to stop foreclosure in favor of processing a Short Sale where the Seller is able to procure a Fair Market Value contract for their home.

 

After all, why foreclose on a home in Desert Hills when the net result will be less money to the lender(s) than processing and approving a Short Sale in Desert Hills?

 

We encourage Desert Hills homeowners who are headed for foreclosure to at least carve out 30 minutes of their time to explore what other options may be available to them - and there are several - that may not be as damaging to their credit and their future ability to purchase another home, whether in Desert Hills or elsewhere.

 

A FREE confidential, no obligation consultation costs you nothing, we can meet with you in person at our office or your home, or connect via GoToMeeting online if you prefer.  

 

We NEVER charge you a fee to list and process your Short Sale.

 

We provide the same FULL SERVICE listing to you that we provide to our "Traditional" Sale clients.

 

Contact us today to see if we can help!

 

 

 

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About the Authors - Updated 2017

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.

Listed, Sold and Closed more than a hundred Short Sales with the highest success rate in the Phoenix Metro Area!

HavenExpress.com

Tony and Suzanne Marriott

Associate Brokers, REALTORS
Keller Williams Arizona Realty

Comments

Any way of selling the home will be better than a foreclosure.

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) 25 days ago

Hi Tony and Suzanne Marriott, Associate Brokers ,  

Clients will appreciate your expertise in this sometimes very emotional time where decisions may become foggy with a foreclosure looming.  After all, you can help them see clearly other options for their home in Desert Hills.

Posted by Sheri Sperry - MCNE®, (928) 274-7355 ~ YOUR Solutions REALTOR® (Coldwell Banker Residential Brokerage) 25 days ago

Agreed William Feela and - thanks for stopping by with a comment!

 

Posted by Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ (Haven Express @ Keller Williams Arizona Realty) 24 days ago

Thanks Sheri Sperry - MCNE® and - thanks for stopping by with a comment!

 

Posted by Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ (Haven Express @ Keller Williams Arizona Realty) 24 days ago

Anyone facing foreclosure in your area should call you to see if they can list with you and sell the house.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) 24 days ago

Thank you Gita Bantwal and - thanks for stopping by with a comment!

 

Posted by Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ (Haven Express @ Keller Williams Arizona Realty) 23 days ago

Tony and Suzanne Marriott, Associate Brokers - This is excellent advice. I haven't seen short sales or foreclosures in my area for quite awhile. But I'm sure, there are people in financial trouble that I don't know about. As you say, there are alternatives. Your article reminds me of one of my favorite short sales. The couple was young and didn't deliberately get into financial trouble, but when there are unexpected medical expenses, it can happen quickly. I was happy to get the property sold but the beauty is, my clients made it easy because they were very honest, upfront, cooperative, timely, willing to do the right thing and the bank was very cooperative and forgiving. When the house sold, it was a valuable lesson and we still keep in touch. 

Posted by Patricia Feager, Selling Homes Changing Lives (DFW FINE PROPERTIES) 21 days ago

It's essential that the Short Sale sellers fully embrace the short sale process or it's doomed from the start Patricia Feager - thanks for stopping by with a comment!

 
Posted by Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ (Haven Express @ Keller Williams Arizona Realty) 20 days ago

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