When in trouble, look to a Phoenix short sale.September 25, 2012
Sometimes a Phoenix short sale is necessary.September 25, 2012
Sometimes a Phoenix short sale is necessary.
We are living in hard economic times. I am sure that all of us know someone whether they be a friend, co-worker, relative, or even a stranger, who have had financial difficulties. Perhaps they had to file for bankruptcy or foreclose their home. We all feel bad that it happens and we certainly don’t want that to happen to us. We can prevent this by electing to apply for a Phoenix short sale
and avoid the trouble of getting into even more debt. There is nothing worse than facing a pile of debt that you can’t overcome.
The harder your financial situation is, the more likely you will qualify for a short sale. Most often, you have to prove to the lender that your financial situation is bad enough that you cannot pay your debts or deficiencies. In this case, you will most likely be granted a short sale. If this is you, then I would strongly recommend you choose a short sale. A Phoenix short sale is when the lender is permitted by the lender to sell his or her home for less than what they owe on it (outstanding balance). Of course, for this to happen, the lender (often times the bank or any other financial institution) MUST give the consent to do this.
Don’t ever file for bankruptcy. Choose a Phoenix short sale instead.
It doesn’t take a rocket scientist to understand the consequences of going bankrupt are. One of the main purposes of a Phoenix short sale is to keep you from filing for bankruptcy. Your credit score will damage your ability to ever receive a Mortgage for future purposes. It’s also demoralizing to foreclose your home and property. A short sale will hurt your credit, but it is a lot better than going bankrupt. Even though there is a lot of paperwork to deal with for the application to a short sale, the benefits greatly outweigh the time and effort to fill it out.
YOUR APPLICATION WILL HAVE TO GO THROUGH SEVERAL HOOPS WHICH ALSO MEANS THAT YOU MAY HAVE TO WAIT A WHILE, TYPICALLY 2-4 MONTHS. HOWEVER, COMPLETING A PHOENIX SHORT SALE ALLOWS THE DEBTOR 2-4 MONTHS OF PAYMENT-FREE LUXURIES. THIS IS A GOOD TIME TO PAY OFF ANY OTHER OUTSTANDING DEBTS OR SAVE UP FOR FUTURE PAYMENTS ON OTHER ASSETS YOU OWN. CONTACT A REPRESENTATIVE TODAY FOR MORE INFORMATION ON HOW YOU CAN FREE YOURSELF FROM FINANCIAL BONDAGE.