Options To Get Around Foreclosure – Short Sale
Hello and welcome. We are Kevin Kauffman and Fred Weaver of Group 46:10. We are Arizona’s top short sale specialists. We sought to spend a couple minutes talking to you about some of our prior blog posts. Lots of people that observe our blog and contact us need to know what their options are to avoid foreclosure. The option that we specialize in is short sales. We’ve completed greater than 300 short sales over the past couple years at a 90% success rate. Nonetheless, we want to make you aware of all of the choices that you have to escape foreclosure.
One of the other options that comes up is referred to as a deed in lieu of foreclosure. A deed in lieu of foreclosure is usually a means that can be utilized if you have one loan on your home but not two. Essentially, you give ownership of your house back to the bank. In return, they do not foreclose on the home.
If you call up the lender, they can tell you what that route looks like. A deed in lieu is normally looked at by the lenders as a tool that is similar to a foreclosure. It is considered better than a foreclosure but a little bit inferior than a short sale. Your finest route to meet the requirements for a new home is a short sale.
We get questions from home owners all of the time about deed in lieu of foreclosure. However, lots of of these clients call their lender and the bank asks them if they have attempted a short sale yet. A lot of times the lender will ask you to try a short sale before you try a deed in lieu of foreclosure. So, if you haven’t attempted a short sale, the bank usually won’t allow this alternative.
If you have extra questions regarding how you can circumvent foreclosure, please fill out the form on our website and somebody from our team will contact you.
Get more information on selling your home from Kevin and Fred at My First Short Sale by the Short Sale Specialists of Arizona
Filed under Foreclosures by .