Tony and Suzanne Marriott's Phoenix Arizona Real Estate Blog

head_left_image

Why Foreclosure? You Do Have Options To Avoid It In Litchfield Park

Although we no longer see the levels of Short Sales that we did a few years ago in Litchfield Park, Notices of Default continue to be issued, meaning that yet another Litchfield Park 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 Litchfield Park when the net result will be less money to the lender(s) than processing and approving a Short Sale in Litchfield Park?

 

We encourage Litchfield Park 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 Litchfield Park 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!

 

 

 

------------------------------------------------------------------------------------------------------------------------------------------------------------

 

Click the button below to Subscribe to our

Arizona Real Estate blog!

 

 

 

 

 

All images purchased and  licensed from Shutterstock , shared from YouTube, sourced from Vectortoons, or were taken by the author unless otherwise noted.

 

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 BVO Luxury Group @ 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 Listed, Sold and Closed more than a hundred Short Sales with the highest list to close rate in the Phoenix Metro Area!

Tony and Suzanne Marriott

Associate Brokers, REALTORS
BVO Luxury Group
Keller Williams Arizona Realty

Comments

Absolutely the best advice for sellers to reach out and contact you.  They may be surprised at the options available to them.  Don't give up, sellers!  Call Tony and Suzanne Marriott!

Posted by Francine Viola, Realtor, In Tune with your Real Estate Needs (Coldwell Banker Evergreen Olympic Realty, Olympia WA) 5 months ago

Those folks facing foreclosure in Litchfield Park would be wise to give you a call before it's too late.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) 5 months ago

Thanks for the kind words Francine Viola and - thanks for stopping by with a comment!

 

Posted by Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ (BVO Luxury Group @ Keller Williams Arizona Realty) 5 months ago

Agreed Gabe Sanders - we hope they do and - thanks for stopping by with a comment!

 

Posted by Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ (BVO Luxury Group @ Keller Williams Arizona Realty) 5 months ago

Tony and Suzanne Marriott, Associate Brokers , this is such wonderful advice for homeowners facing foreclosure - I  hope they would call you in your areas of AZ, when they find themselves in that situation.

Posted by Mary Douglas, REALTOR, Red Feather Lakes, Colorado (United Country Ponderosa Realty, Red Feather Lakes, Colorado) 5 months ago

Thank you for the kind words Mary Douglas - and thanks for stopping by with a comment!

Posted by Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ (BVO Luxury Group @ Keller Williams Arizona Realty) 5 months ago

You made a good point that not all properties heading to foreclosure are under water. The short sale can head off the foreclosure sale.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) 5 months ago

It can indeed Debbie Reynolds and - thanks for stopping by with a comment!

 

Posted by Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ (BVO Luxury Group @ Keller Williams Arizona Realty) 5 months ago

This blog does not allow anonymous comments