Things to watch out for when looking for an Arizona short sale agent
If you’re in a dire situation and it’s time for a short sale, don’t let your vulnerability get the best of you. Most short sale specialists understand your circumstance–that’s what they do for a living–but also may take advantage. Lenders are not quite as forgiving because an Arizona short sale
shorts them money on your mortgage. You might feel a little lost in the mumbo jumbo of legalities and such, but you need to keep your head on straight so that you can make the right decisions.
If you would like to save your credit, be free of your mortgage payment, and start over with a clean slate, an Arizona short sale might be right for you. Listed below are a few tips on finding the right person to help you proceed with your Arizona short sale.
The Phoenix metropolitan area is home to over 70,000 real estate agents. Wow! How do you choose? Rest easy knowing that less than 1% specialize in short sales, so there is actually someone who understands your situation perfectly. Likely, they’ve seen one just like it before. ind yourself an agent that is upfront about their specialty and then do a little comparing and contrasting.
Do your research! Find an agent that has dealt with circumstance similar to your own and can help you through the process. Don’t just go with the first Joe-Schmo that tells you he can get you a great deal. Find an Arizona short sale
specialist with expertise and a reliable, dependable reputation.
Arizona short sale red flags
Again, don’t let your vulnerability get the best of you. Unfortunately, much like any other industry involved with money, there are scams and fraud in Arizona short sales. Pay attention to these red flags when consulting with short sale agents:
*An absolute guarantee to stop foreclosure.
*Instructions to not contact the lender. This should never be the case. Communication is key.
*Upfront fees. Quite simply, don’t fork over any money you don’t have to a person you might not trust. It’s simply not worth the risk. Remember, if it sounds too good to be true..IT IS!
*A promise that you can buy the house back. Again, every agent’s dream to tell their clients this, but it doesn’t always happen.