Get Rid of your Financial Distress by Calling Phoenix Short Sale Agent
The short sale is a very common term in real estate industry and Phoenix short sales are
also very popular nowadays. As per the surveys made, about 20.3 % of total home sales in
Phoenix were short sale. Phoenix short sale agents are getting busier than they were
ever. Short sale agents who are qualified and experienced are in great demand as they
could help the clients through their difficult time. The short sale happens when the
homeowner owes more on his or her mortgage than the worth of the home as per the
market value. The homeowner may not be able to pay back the mortgage for various
reasons. It could be due to recession in the market, sudden job loss or unexpected
expenses cropping up.
The homeowners would not be able to deal with the processing of short sale as they do not
have any experience in this field. The very first step in having a short sale is to get hold of a
knowledgeable short sale agent who can do the evaluation of the property and find out if
the homeowner could qualify for short sale.
Next the home will be marketed for sale and the buyers will present the homeowner and
homeowner’s agent with various offers. The homeowner will accept the highest offer and
the agent will submit that particular offer along with the short sale application to the lender.
The entire process may take some time ranging from 1-4 months depending on the lender
the homeowner has.
There are various reasons of people opting for short sale in Phoenix. Short sale can be
considered as the excellent way of avoiding the foreclosure. As compared to the foreclosure
of the property, the short sale is much more beneficial for the homeowners. When there is a
short sale, the credit is getting negative effect for maximum of two years but in case of
foreclosures the negative credit remains for 7 years.
There are several Phoenix short sale realtors who help their clients and their families to
sail through their difficult times. The short sale finder helps the clients to find out the list of
the reputed short sale agents in the locality. It helps the Phoenix short sale agents to
register themselves to get the clients who need their help to get rid of their financial crisis.
Through the websites, it is possible to reach the right kind of short sale agent by providing
little information only. For more details visit