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Tempe Short Sales

The phrase "short sale in Tempe, Arizona" has become an all too familiar phrase for many homeowners. Property owners in Tempe that find themselves behind on mortgage payments have resorted to short selling their property. The Tempe.com Real Estate Team has experienced short sale agents that continue to help homeowners resolve their uncomfortable financial situations. Short sales in Tempe, Arizona are on the rise and potential buyers are taking full advantage of the discounted pricing. From a seller�s perspective, Tempe.com has been a very effective marketing tool for local property owners to sell their property quickly.

What is a short sale?
A short sale is the process of reducing a mortgage�s principal balance because the borrower can no longer afford the monthly payments. Homeowners typically contact an experienced Tempe real estate agent to assist them in discussions with the lender. Every lender handles the short sale process a little differently. An important thing to remember is that you do not need to wait until you are behind on your payments to start the discussions with your lender. If you do miss a payment, it is a good idea to go ahead and contact the lender to start discussions right away. The objective for a homeowner is the short sales discussions is too convince the bank to accept a purchase offer lower than the outstanding balance on the loan. Why would the bank do this? Given the amount of foreclosed properties in Tempe, lenders will tend to work with homeowners to sell the property and reduce their financial loss on the property. If the property is foreclosed on, the lender stands to receive less money for the property at a foreclosure auction than a short sale. They would prefer to work with a homeowner that is motivated to help sell the property themselves at a reduced price. (Keep in mind, the reduced price is typically more than what the lender could expect at a foreclosure auction.)

I want to buy a short sale in Tempe, Arizona.....
Are you considering purchasing a short sale property in Tempe, Arizona? Many homeowners have found themselves unable to make their monthly mortgage payments and have turned to short sales as a way to resolve their financial situation. The Tempe.com Real Estate Team continues to help residents negotiate with banks to short sell their property. The short sale process can be complicated and it is not recommended that you try and purchase a short sale property on your own. A trusted Tempe real estate agent with short sale experience can be of great value to a potential buyer. The Tempe.com Real Estate Team has an extensive list of short sale properties in Tempe, Arizona and is available to help anyone interested. Contact 480-505-7814 or realestate@tempe.com

I want to short sell my property in Tempe, Arizona.....
Tempe property owners should contact an expert on the Tempe.com Real Estate Team for a free consultation on the short sale process. Not everyone is a candidate for a short sale in Tempe, Arizona and it is important to meet with an expert before you waste any time on the idea. If you are a potential candidate, Tempe.com can be an instrumental marketing tool in selling your property quickly. The internet is the fastest, most effective way to move Tempe, Arizona property for sale. Contact our Tempe short sale experts to find out the best move for you. 480-505-7814 or realestate@tempe.com