SHORT SALE RESOURCES
For Home Buyers AND Sellers
TOM HENSCHEN AND ASSOCIATES REAL ESTATE:
YOUR ONE-STOP SHORT SALE RESOURCE CENTER
“We had recently decided we needed to do a short sale on our home in Chandler AZ. Tom went above and beyond in helping us along the smoothest course possible. We chose him as he has an excellent knowledge of home sales in the area and experience in all matters of home sales – conventional and short sales. We live out of state and Tom was in constant contact with us throughout the process. He is very detailed and conscientious in his duties as a realtor. We would highly recommend him!”
– Short Sale in Lagos Vistoso, Chandler, AZ
Your Local CSSN EXPERT
(Certified Short Sale Negotiator)
As a CSSN (Certified Short Sale Negotiator) we offer expert knowledge to our clients and are highly successful in completing short sales in the City of Chandler and the greater Phoenix area. If you’re thinking about buying or selling a short sale, we can guide you through the process smoothly and efficiently to a successful close. If you’re facing foreclosure, we can provide you with alternatives that will stop the foreclosure process and help you stay in your home longer – without making additional payments. We can help you relocate at no charge and can often negotiate extra money for you. So let us answer all of your questions about short sales – buying or selling. We get the job done!
FREE INFORMATION ON SHORT SALES
Get an expert opinion of your home’s current value.
9 smart reasons to consider short sale as your best option.
How a short sale can be an investment in your future.
SHORT SALE FAQ’S
Because so many other people are struggling just like you, there are a number of options available for consideration. Of course, the best option for you will depend upon your unique circumstances. Therefore, it’s best to consult with a number of experts before you make any final decisions on which course of action you will take. Experts you may want to consult with include accountants, attorneys, your mortgage company and a Certified Short Sale Negotiator (CSSN) like Tom Henschen.
First and foremost, don’t panic. Due to the recent economic downturn, many people are in the very same situation. Although you may be threatened with foreclosure, it’s certainly not your only option. For example, you can consider a short sale. (See: 10 Smart Reasons to Consider a Short Sale) A short sale often allows you to sell your home for less than you owe, and walk away from the sale without any lingering obligations. But time is your enemy, so don’t wait to get started. Call a qualified Realtor® like Tom Henschen and Associates today to answer any questions you may have regarding the benefits, the consequences and the overall process of a short sale.
Short sales do come with conditions, so this is a very good question to ask. Before moving forward, consider the following three criteria that mortgage holders typically look for with a short sale:
1. Hardship: In order to be approved for a short sale, individuals typically need to show some sort of hardship – an event or circumstance that has changed their ability to make their mortgage payment. Examples of a ‘hardship’ may include, unemployment, divorce, illness, etc.
2. Income Shortfall: Another element the mortgage holder will ask about is monthly income versus expenses. Do you bring home enough money to pay your basic monthly expenses? Perhaps you had to take a cut in pay or maybe your mortgage payment increased significantly. The lender wants to see exactly how your income meets your expenses, on paper.
3. Liquid Assets: If you have cash savings accounts that could be applied to your mortgage, the lender will be less inclined to approve your short sale. Rather, they will want you to contribute cash to complete the short sale.
A CSSN (Certified Short Sale Negotiator) can provide you with more information on these important short sale qualifying criteria, based on his/her experience with different lenders.
Email or call us at 602-840-8484 today. As a Realtor® with the CSSN designation, Tom can answer all of your questions. More importantly, he will work through the short sale process with you, personally and one step at a time. We’ll get the job done!