533 North New Haven Mesa Arizona

Check out this SlideShare Presentation:

533 North New Haven Mesa Arizona

View more presentations from Lisa Hanawalt.

Short sale or Foreclosure Part III

Part III – Foreclosure
I know, I said the F word, but let’s talk about it. A deed in lieu, mailing your keys back, foreclosure, it’s all the same thing to your credit. It’s the financial equivalent of a bomb. Your credit can be rebuilt, but it will take years before you can get another FHA or VA. If you do decide to do this, talk with the bank first and find out their policies.
Also, leave the home in good condition. When you were purchasing the home, there was a purchase contract and everything in it needs to stay in the home www.abetterrealty.net ( scroll to the bottom go to short sale), including but not limited to the Stove, dishwasher, toilets, cabinets, door knobs, and floor coverings. I know you’re unhappy about this turn of events, but taking these things just makes it worse for you.
Have you tried to modify your loan, and had someone call for you to see if there is any one last thing you could try? This is your investment, and you should do anything you can to protect it.

If you have any questions please feel free to call Lisa at A Better Realty .Net 602-390-4329

short sale or foreclosure

Part II – Options: Short Sale?
Knowing the home’s worth, now, you can decide what to do. Can you still pay for the home? Are you behind in the payments? Have you talked to the bank?
Thinking about selling? Short sales will affect your credit, but not as bad as foreclosure. If you’re going to pursue this method, be certain that the agent you have chosen can do a short sale and close it. Are they charging an upfront fee? Whether that be for their time or a packet or what have you, if they’re asking for 1,500 – 3,000, grab the running shoes and get out of there. No one can guarantee the bank will go thru with the short sale, no matter what they say.
The bank pays commission for the sale, so a realtor has no reason to charge a fee upfront. The short sale does require a lot of paperwork, and you must supply all of this. If you cannot or will not supply all the paperwork, then a short sale is not the method you want to use. www.abetterrealty.net (scroll to the bottom and short sale check list)

short sale or foreclosure

Part I – Find out the worth of your home.
So, you bought the house in hopes you could sell it for a profit, but as the market’s value plummets, what do you do with it? Foreclosure, short sale, rent it? Before you make any decisions, you need to decide the value of your home, and not with the use of some website that tells you what you want to hear. You need a professional in the real estate business, and this isn’t a pitch. We at A Better Realty .Net provide this service absolutely free of charge. If someone does want to charge you for a CMA, or Comparative Market Analysis, you should leave immediately; this is a huge red flag.

Investment Home or was it?

That investment home had seemed like such a brilliant plan. The market was hot, prices were soaring, but as we all know, the market has gone from a blazing inferno to the freezer section. What now? Sell it, rent it out, try to hold it? Do you owe more then what it’s worth? We’re going to provide several options for you to consider, but before take any action you should always speak with your tax person, or an attorney. We are simply providing ideas, and in no way should you consider this legal or tax advice.

Need more information call Lisa 480-655-0904
or email me Lisa@abetterrealty.net