Arizona Short Sale Realtor Cody Sperber Explains

 

 

When starting there are a few basic items you must get in order to make sure you qualify for a Short Sale. The Steps In A Typical Short Sale are the same no matter why you are Facing Foreclosure or getting ready to fall behind on payments.  Now we want to warn you of something first! In theory, a Short Sale is not necessarily complicated. Putting together the necessary paperwork and sending it off to the bank is easy. It gets extremely complicated once the negotiations begin. To start, you need a purchase offer to get the process started. In most instances you will not have a buyer ready to put in an offer. Plus, banks DO NOT allow homeowners to negotiate their own Short Sale! A Short Sale Realtor ( Cody Sperber ), or an Investor / Negotiation Company ( SellQuickForCash.com ) must do it for you. The reason is it must be an arms length transaction meaning that you cannot discount your own mortgage and sell it to your parents who will end up letting you stay in the home. Also why we are on the subject, you cannot discount your mortgage and then buy the same house back at the discounted price! This is considered mortgage fraud and the lenders tend to frown on that. With these disclosures out of the way, let’s look at the Steps In A Typical Short Sale:

 

First, you must be able to prove a financial hardship. Banks are going to request this proof in the form of paycheck stubs, tax returns, a financial statement, and a hardship letter. Without a good reason why you cannot afford the home any longer, the lender(s) will not likely allow you to Short Sale the home.

 

Second, you need to figure out the value of your property. Many times a Realtor (Cody Sperber Arizona's Most Knowledgable Short Sale Expert) or an Investment Company like SellQuickForCash.com can provide you with a “market analysis” to give you an idea what your home is worth. We are trying to calculate your equity (or lack thereof) to figure out if you owe as much or more than what your homes current value is. If it is worth less than what you owe, we can continue with a Short Sale.

 

Third, you must decide if you want to use a Realtor...preferable Cody Sperber or an Investment Company such as SellQuickForCash.com to run your Short Sale? The reason you must choose at this point is that we need a purchase contract (buyer) to sell your property to. Obviously we want you to choose us and here is why. When you hire just a Realtor, you are hiring just one person. For most Realtors, Short Sales are a new phenomenon and they have little experience negotiating with lender(s). When you hire the Short Sale Experts at http://www.CodySperber.com or http://www.sellquickforcash.com/, you are hiring a team of specialists that all play a key role in the Short Sale Process. We understand all of the Steps In A Typical Short Sale.  Plus, we have years of negotiating experience, and have many contacts with most major lenders! Lastly, we are a member of the BBB with many referrals to validate our experience and expertise!  CLICK HERE TO CONTACT ME NOW!