Hi, my name is Chris Bowers, owner and team leader of The Bowers Team, one of the leading short sale and real estate teams in the Arizona area. Today I wanted to talk to you about staying current on your home loan while we do a short sale.
Most of our clientele that we’ve been helping do a short sale over the last four years aren’t paying their mortgages anymore by the time they come to us; they’re typically two or three months late or have already received a foreclosure letter stating their home will be sold via auction in a month or two. We’ve actually helped people that stay current on their home loans during a short sale. We don’t want you to think that you have to be late on your mortgage to short sale your property. We just closed on a short sale a few weeks ago where the homeowner was current the entire time. He had decided to short sale his property and filled out the proper paperwork that we gave him. The entire transaction took about four months and we got the bank to see that the customer no longer wanted his home.
Just remember that we can help you if you are still current on your property, even though most homeowners we help are already behind on their mortgage. Call us because we’d like to schedule an appointment with you or talk with you over the phone, answer any questions you may have and help you establish a short sale game plan. We want to ensure that you’re comfortable with what’s going on, get you into a rental property once the short sale is completed and help you purchase a new home again in a few years. You can reach us at 623.266.1939 or fill out the form on our website and we’ll be in contact with you regarding a short sale on your property. Thanks for coming to our short sale blog; have a great day!