A Good Way To Avoid Foreclosure In Surprise
By Tony and Suzanne Marriott, Associate Brokers, Coldwell Banker Realty
(Serving the Greater Phoenix and Scottsdale Metropolitan Area)
While the Short Sale days of the previous decade are for the most part behind us, the reality is that there are still hundreds of homes "under water" in Arizona. While it's true that not every property facing foreclosure in Surprise is "under water", may of them are, and unfortunately many homeowners still don't understand that the likelihood is they will be far better off doing a Short Sale of their Surprise home than allowing their Surprise home to be sold at auction on the courthouse steps! Short Sales are "regular resales" with one big difference. Your lender(s) must agree to accept less than the amount(s) owed on your loan(s). While there are many details regarding Short Sale Seller financial circumstances and the hardship they face, the bottom line is that most lender...
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