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A lot of homeowners having been hearing false information about short sales. I hope I can show how a short sale can prove to be an option for many homeowners. Myth #1- The bank would rather foreclose than do a short sale. It is very costly for banks to take back a property through the foreclosure process. [...] On Saturday, March 20, 2010 from 10am to 4pm, the Arizona State Escrow Association in conjunction with the Better Business Bureau, Arizona Department of Financial Institutions and the Arizona Mortgage Lenders’ Association will host the Homeowners’ Survival Event at the Steele Indian School Park / Memorial Hall at 300 East Indian School Road, Phoenix, AZ 85012. Attendance at this community [...] The hardship letter is the heart of a short sale packet. Without it the banks won’t give you much consideration. There are typically four areas that a hardship falls into: Monetary (job lose), Medical, Marital (divorce), and Military. There is one more, death, but chances are you won’t be writing that one for yourself. There may come a time when you are faced with a crisis, something that puts you and your family at an uncomfortable financial risk. This could be something from job related to medical related, but none the less, you are losing sleep over the future. In the past you may have relied on your home [...] |
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