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MVP REALTY TEAM- Tempe, Arizona Short Sale Real Estate Specialists who assist people seeking alternatives to foreclosure.
What Makes MVP REALTY TEAM A Top Real Estate Short Sale Team in Tempe?
MVP Realty Team are Licensed REALTORs® in Tempe, AZ that help people that are upside down on their mortgage, have a valid financial hardship, and/or need to sell their home to avoid foreclosure. They do this by what is called a Short Sale. They love helping other people and assisting them in exploring the option of a Short Sale instead of Foreclosure or Bankruptcy.
About MVP REALTY TEAM’s Top Short Sale Services When a homeowner owes more on a property than it is currently worth, he or she may wish to consider a Short Sale. If the homeowner can demonstrate a valid financial hardship which prevents him or her from paying their mortgage and if they owe more than the property is worth, Short Sale may be your alternative to a foreclosure.
What is a Short Sale?
A short sale is when a lender allows a property to be sold for less than the amount owed on the mortgage. In many cases, a lender would prefer to get what money they can on a house now rather than delay it for the future. Additionally, if they don’t allow the Short Sale, they could end up foreclosing on the property and then have to resell it themselves. Banks are in the business of making money off of loans, not owning real estate. Banks do not want to own real estate because it shows up on their books as a liability instead of as an asset. A bank does not want to foreclose on a property.
What does a Short Sale mean for a Seller?
A big difference between a short sale and a foreclosure is that in nearly every foreclosure the bank pursues the homeowner for the deficiency. The initial reaction to this problem is to file bankruptcy. A Short Sale may have some negative effects, but far less than a foreclosure or bankruptcy. Each bank has a different policy for dealing with short sales; the best case scenario is for the bank to forgive the deficiency.
To increase the odds of a successful transaction, the seller should use a team of professionals who are experienced with Short Sales to negotiate on their behalf. MVP REALTY TEAM are Top Real Estate Team In the Tempe, AZ Area. A bank will only consider a short sale when they have a written offer from a willing, able buyer to purchase the property, so the first step in this process is to find a buyer for the home. You do not have to be behind in your mortgage payments to request a short sale; you do have to prove that your home can not be sold for what you owe.
MVP REALTY TEAM have a full team to market, sell, and negotiate your short sale with the banks on your behalf. If you would like to see if we can help you with your situation, call 480-603-3462 or email INFO@MVPREALTYTEAM.COM for a free private consultation with our short sale specialist.
MVP REALTY TEAM are Certified Distressed Property Experts (CDPE).
This certification is an exclusive designation earned by professionals skilled at foreclosure prevention strategies and exhaust all resources to avoid foreclosure.
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