Avoid Foreclosure With A Tucson Short Sale

Have you recently found yourself behind on your mortgage, facing foreclosure or underwater and need to sell? If so, you should know that there is an option for you and that’s selling your home on the Tucson short sale market. Many homeowners that are facing mortgage difficulties are unaware that a Tucson short sale is an option for them or that it’s still possible to complete one even though the real estate market is improving.

When you complete a Tucson short sale you are essentially asking your lender for permission to sell your home for less than what you currently owe them. Many homeowners often wonder why a lender would agree to such a thing and it’s simple: banks lose less money on a Tucson short sale than they would if they had to foreclose on the home. When the housing market crashed a few years ago, the Tucson short sale market was bursting with properties that were underwater; banks couldn’t hardly keep up with the paperwork and number of transactions that were taking place. Don’t be deterred however, because the number of Tucson short sales has decreased and banks have improved and familiarized themselves with the process to greatly improve their turn around times. Completing a Tucson short sale is relatively simple if you have all the current paperwork that is required for the short sale package.

If selling your home on the Tucson short sale market seems like it might be the foreclosure alternative that you’re looking for, contact a Tucson short sale expert today to learn more about the process and see what exactly you need to do to get started. Even if you’re unsure whether this is the answer to your mortgage troubles, still reach out to a Tucson short sale agent to see what options are available to you. It’s better to take action about your difficult situation before it’s too late.

Is It Still Possible To Complete A Tucson Short Sale?

While the real estate market is slowly getting better throughout the country, there are still a number of homeowners throughout the nation and in our area that are underwater and wondering if they can complete a Tucson short sale on their home. Thankfully for these homeowners, the answer is, yes, you can still complete a Tucson short sale on your home. Whether you are underwater or need to complete a short sale for another reason, be rest assured that you can successfully complete a Tucson short sale on your property.

In fact, right now is a great time to do a short sale for a number of different reasons. With the improving real estate market the number of people completing short sales has dramatically decreased. This, along with streamlined processes at most banks and a more familiarized process, means that the time it takes to actually get your short sale completed is less than what it was six months to a year ago. It is possible to get your Tucson short sale completed in a matter of a few months now that many lenders and investors aren’t inundated with homeowners wanting or needing to complete a short sale.

Another great reason to complete a Tucson short sale on your home right now is because the distressed property inventory is quite low. Many investment buyers that are looking for a second home or a rental property are quick to snatch up any decent home that comes on the market at a bargain price. If you list your home on the Tucson short sale market it’s highly likely that it won’t stay for too long.

Whether or not you’ve heard that completing a Tucson short sale is no longer an option, you need to know that it is. Whether you’re underwater on your home or need to sell for a completely different reason, selling your home on the Tucson short sale market is still entirely possibly and, in fact, a great thing to do right now.