A new exit strategy: A short sale

    Over the past few months I have had call after call from both Investors and in trouble home owners about Queen Creek short sales. Let me define a Short Sale. A short sale is an "arrangement" between the current owner of a home and the bank that lent them the money to buy their home to accept an offer for less than the total amount owed to pay off the home. The "deficiency" is the difference between the amount owed and what the bank collects at the short sale. It’s a win for the home seller and also a win for investors looking to get a good property at a great price. Queen Creek short sells are becoming very popular for all the homeowners who are upside down and can no longer make their mortgage payment (because of either a job loss, divorce, or an option ARM that’s resetting higher), up to now the only option was, well, letting the bank foreclose. That’s not a good option since a foreclosure sticks on your credit record for at least 10 years. As for the investors they too are benefiting from the Queen Creek short sale market, it is not uncommon to get large discounts on homes only a year or two old. If you are an in trouble seller or an investor and have any questions about Queen Creek and Short Sales. Give me a call. (480) 797-3217 or shot me an e-mail @ Contact me.