If you or someone you know is facing a possible Short Sale or Pre-Foreclosure, there is light at the end of the tunnel.  As a CDPE, I may be able to assist you through this difficult process.  Having enough time is critical and may determine whether I can help you or not. Call me today at 602.400.0250 or toll free at 888.311.4833 for a free, no obligation consultation.

Definition of a Distressed Property

• A property that is or will be in some stage of the foreclosure process.
• A property owned by a person or persons who is or are experiencing a period of financial instability.
• A property on which the mortgage(s) total an amount higher than the current market value and an owner must sell.

Not every homeowner that is ‘upside down’ with their mortgage will be qualified for a Short Sale.  The following is a list of hardships which a lender will likely qualify if you are completely insolvent.

Causes of Distress

• Loss of Job
• Business Failure
• Death of a Spouse
• Death of a Family Member
• Severe Illness
• Divorce
• Relocation
• Military Service
• Payment Increase or Mortgage Adjustment
• Insurance or Tax Increase
• Reduced Income