Update August 2011
The opportunity to sell your home in the short sale market may never be better. With lenders avoiding foreclosures at all costs, you are afforded more flexibility than ever before. No matter your situation it is imperative that you contact us to discuss your short sale as early as possible.
The time to close a short sale transaction is shortening as lenders improve the facilitation of the short sale process, but all too often homeowners are contacting us just weeks before a set foreclosure date putting us in a difficult spot. We want to do everything we can to get our client's homes sold but we need your help as well. The moment you have concerns about late payments, a foreclosure notice or simply feel the growing pressure of a heavy mortgage note, you have to reach out to us as early as possible to allow for the successful short sale of your home. See for yourself why we sell more homes and do so at a higher value than anyone else.
Do not wait another day, contact us immediately to discuss the sale of your home. We are the greatest home selling group in Phoenix and will ensure you are fully represented and have every tool at your disposal when selling your home.
2011 HAFA Updates
Short selling your property is no easy task and who better to trust with the HAFA short sale of your home than Jarrod Smith and the Phoenix Brokerage Group of Russ Lyon Sotheby’s International Realty. No other Arizona HAFA Short Sale Specialist is equipped to manage the successful short sale of your home under the new federal HAMP/ HAFA guidelines than we are. As Superior court of Arizona Real Estate Special Commissioners we provide you the best short sale representation available today. With over $300 million in residential property sales, we will ensure the short sale of your home is handled professionally. The incredible opportunity to sell your home as a short sale after being declined for loan modification under HAMP / HAFA guidelines requires immediate attention. The Phoenix Brokerage Group is fully staffed to ensure your transaction is hassle free and all critical HAMP and HAFA documents required in the short sale transaction are properly managed. Email us with your contact information address and available times to meet to discuss the short sale of your home. firstname.lastname@example.org
The benefits of short selling your home under the new HAMP
HAFA guidelines are tremendous. It’s fitting that Jarrod Smith of the Phoenix
Brokerage Group at Russ Lyon Sotheby’s International Realty is the most sought
after HAFA Short Sale real estate agent in Arizona. Call Jarrod today at
602-432-4743 to discuss the HAFA Short Sale of your home. The consequences of not sort selling
your home is simple, your lender will move to foreclose on your home and the
collateral costs of foreclosure can be overwhelming. Homeowners who want to short sale must qualify under HAMP
guidelines. The home must be a
primary residence, serious delinquency, first lien mortgage, unpaid balance
must not exceed $729,750 and the mortgage payment exceeds 31 percent of your
gross income. Under new HAMP and
HAFA guidelines set forth by the U.S. Treasury, you’ll be given the opportunity
to short sale your home after being declined for a loan modification if you
respond within 14 days and request to short sale your home. See guidelines
Your lender will provide you with an acceptable selling price to short sale your home and you will contact us again after receiving the sales price information. We will begin marketing your home once we have the required documents signed. Once an offer is received you’ll be required to submit documents for approval. We will assist you with every step of the transaction ensuring you of a hassle free home sale. Once approved, a closing date will be set. You may be asking yourself, Why should I short sale my home?
The benefits of the HAFA Short Sale Arizona program are significant. You will be provided relocation funds
of $3000 once your home
closes. Additionally, any
subordinate lien holders will be compensated up to 6% or $6000 to pay off a
lien. Further more, your lender must release you of future liability if they participate in the program. To see if your home is insured by Freddie Mac or Fannie Mae to qualify for the program visit this address and enter your address.
If you are considering short selling your home, give us a call today and see why we are the number one choice for HAFA Short Sale loan servicers. By short selling your home your loan servicer (JP Morgan, ING, Countrywide, Wells Fargo, Bof A, US Bank, Compass Bank, National City and other HAFA participating lenders) benefits from your keeping the home is presentable condition with the goal of maximizing their net proceeds. Additionally your credit will not be nearly as devastated as would occur in a foreclosure. You do not pay selling or closing costs associated with a HAFA short sale! Your lender provides funds to close and applicable selling fees. We will assist you with document preparation and submission. Call or email us today to stop the foreclosure process and short sale your home today. To see if your loan servicer has signed up for the HAFA program follow the link. http://makinghomeaffordable.gov/contact_servicer.html
How do you start the short sale process? First give us a call and we'll make sure you have the proper documents to submit (SSA). Simply put, if you are currently in the Home Affordable Modification Program (HAMP) in Arizonaand have been declined for a loan modification you’ll be given the opportunity to short sell your home. Call us immediately! You must respond to your lenders loan modification decline and request to short sale your home within 14 days. Once you make the request to short sell your home your lender will determine if you qualify, and if so, they will provide you the minimum acceptable selling price for the home. You may also request to short sale your home if you have not yet participated in HAMP. Call for details!
The transaction must be an “arms length transaction”, simply put, the purchaser must not be related to the seller and any purchaser must hold the property for at least 90 days. The moment you decide to short sale your home, select Jarrod Smith and the Phoenix Brokerage Group as your real estate broker. We’ll schedule a professional consultation to ensure you fully understand the benefits of short selling your home today. This is the biggest no brainer in the history of home sales. You’ll be given 120 days to sell your home and benefit from a long list of incentives provided to those who participate in HAFA. To take advantage of these great incentives you'll have to sell your home and it is critical that you have your home strategically marketed to ensure the best results. Choosing a successful real estate broker is critical as only a handful of agents have the skill set and staffing to professionally manage the successful sale of your home in such a short period of time. It's only fitting that Jarrod Smith of the Phoenix Brokerage Group at Russ Lyon Sotheby's International Realty is the most recommended short sale real estate broker in Phoenix. Our website www.phoenixbrokerage.com gives your home the exposure needed to sell your property in such a short amount of time.
Once we have a contract on the home we’ll submit the purchase agreement signed by all parties to your loan servicer for final approval. In the past this process took months and was more often than not, unsuccessful. Under new HAMP HAFA guidelines your loan provider gives you the acceptable selling price up front taking the guesswork out of offers. They will respond within a few days! When your home sale is recorded, you’ll be free of the mortgage obligation and your lender may not pursue you for any debt on the property. The bonus of participating in HAFA? After close of escrow you’ll be provide funds of $3000 to assist in your relocation. Additional funds are set aside out of proceeds from the sale of your home to pay lien holders up to 6% or a maximum of $6000. All other selling cost and closing cost are factored into the acceptable selling price set forth by your loan servicer.
Do not delay contacting us, timing is critical. You need the best short sale licensed real estate broker, one that complies with the HAMP / HAFA short selling requirements and has a track record surpassing $300 million in home sales. Jarrod Smith and the Phoenix Brokerage Group is your number one choice. Email us at email@example.com or visit www.phoenixbrokerage.com for more information.