Category: Tucson Short Sale Help

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.

How A Tucson Short Sale Impacts Your Credit; Get Your Facts Straight

One of the biggest myths out there regarding Tucson short sales is that it will completely destroy your credit. While a Tucson short sale can negatively impact your credit, saying that it will be destroyed is a bit of an overstatement. Unfortunately, it is misinformation such as this that keeps many homeowners from completing a Tucson short sale and gaining some of the financial freedom that they could really use.

While it is nearly impossible to estimate just how your credit score will be impacted when you complete a Tucson short sale, there are a number of things to keep in mind that can help you mitigate the negative effects. First of all, remember that even if you miss one mortgage payment, your credit score is going to take a hit. What does this have to do with a Tucson short sale? If you are in danger of missing a payment, or if you have already missed a few, the longer you wait to begin the Tucson short sale process, the more your credit score is impacted. By getting the ball rolling right away, you can significantly decrease how your credit score is affected.

Another thing to remember is that if you are facing foreclosure, the damage to your credit score is far worse than if you were to complete a Tucson short sale. Foreclosure ramifications can have a lasting impact whereas the effects of a Tucson short sale can be corrected within a matter of a year or two if you really work at it.

While every situation is unique in how your credit is affected, Tucson short sale agents can almost guarantee that the sooner you begin the process of a Tucson short sale, the less of an impact on your credit you’ll see. Before you hold off on starting a Tucson short sale simply because of your credit, make sure you get your facts straight.

Tucson Short Sale Calculator Can Help You Crunch The Numbers

Have you been going back and forth between staying in your home and selling it on the Tucson short sale market? Do you want to find out what the best possible choice for your immediate and future financial situation is? If you have questions going through your mind on a regular basis as to whether or not completing a Tucson short sale is the answer for you, we would like to take this opportunity and encourage you to try out the Short or Stay Calculator. This simple tool can help you crunch the numbers and give you a definite answer on whether or not staying in your home or completing a Tucson short sale is the best possible solution for your finances.

The best part of the Short or Stay Calculator (besides being able to answer the ultimate question) is that is free – no strings attached. All you need to do is enter in your property address and some basic information about your mortgage. From there, the calculator will send you a report via email outlining whether staying in your home is the best option for you or if a Tucson short sale is in your better interest.

Homeowners throughout the area have used this calculator to help them better analyze their financial situation and we would like to encourage you to do the same. Don’t keep wondering if a Tucson short sale is going to lift some of the financial burden that you’ve been experiencing; try the Short or Stay Calculator for free and find out for yourself. The sooner your try and determine which is the better solution, the sooner you can start down the road to financial recovery, no matter the outcome of your Short or Stay report. Try it out today to see if a Tucson short sale is the answer for you.