Are you struggling with trying to keep up with your mortgage payments? Have you experienced any financial setbacks that may affect you from making your mortgage payments? If you have answered yes to any of the questions above, then you may want to consider consulting with a representative about how you can qualify for an Arizona short sale! An Arizona short sale is the process of selling your property for an amount less than what you owe the lender. This is has been a popular, creative way for homeowners who are trying to avoid foreclosing their home.
It is very important to keep your credit score respectable so that lenders will trust to lend you money for whatever needs you have in the future. With the economy as bad as it is today, it is imperative to have a good credit score. A bad credit reading could be very damaging to your future buying power. An Arizona short sale can help significantly help your credit score from falling too much if you had to foreclose. An Arizona short sale can prevent you from foreclosing in the first place.
The first step to attaining an Arizona short sale is to schedule a time to meet with one of the consultants. Once you have consulted with one of their representatives, the application process may take up to 4 months. The time you have to wait may take a long time, however, the great thing about this is that you will be able to live mortgage free during this time! If you have any bad debts that need paid off, then this would be the absolute perfect time to do so. Or you want to save up for a few months to pay the next rental that would be a good time.
Once the Arizona short sale is completed, you can then breathe in a sigh of relief and move on with your life. This method provides homeowners a healthy exit strategy if he or she is feeling the pressures of entering foreclosure.