Are you falling behind on your mortgage, need to relocate for your job or are underwater on your home? Are you looking for an alternative to an equity sale or a foreclosure? Tucson short sale specialists want you to know that you can always list your home for sale on the Tucson short sale market. Some of you may be familiar with completing a Tucson short sale and some may not, so we’d like to go over that with you a bit.
When you complete a Tucson short sale, you work with an experience Tucson short sale agent and request permission from your lender to sell your home for less than what you owe on it. There are a number of different reasons why homeowners ask to complete a Tucson short sale; some of them are financially related and some are not. It is also important to note that Tucson short sale transactions are completely different than a traditional real estate transaction. With a Tucson short sale, the homeowner is required to submit a short sale package that includes financial documents and a hardship letter. There are also other intricacies to the process such as your Tucson short sale agent negotiating with your lender on the terms of the sale and the potential for not having to pay any closing costs.
If you’re in a position where you need to sell your home but an equity sale isn’t an option for you, contact a Tucson short sale expert for additional information. While you may not be 100% sure about what choices are out there and what’s best for your situation, talking with a Tucson short sale specialist can help you sort that all out and get you on the road to selling your home on the Tucson short sale market.