Are struggling to make your mortgage payments every month with no relief in sight? Unfortunately many homeowners make the decision to stop paying their mortgage or even worse, empty their savings account to stay current. A Tucson short sale may be your best solution to your current underwater mortgage problems.
A Tucson short sale occurs when your lender accepts less money than you currently owe in order to satisfy your mortgage note. While this may seem odd it is actually a good thing for both sides. By removing your toxic, non-performing loan from the books your lender can also avoid the possibilty of owning your home through a foreclosure. For you the homeowner a Tucson short sale can allow you to move on from your inflated mortgage payments while selling your home for little to no cost. Depending on who your short sale agent is there is a very good chance your Tucson short sale will cost you no money out of pocket. Your agent is actually paid by your lender at closing once the short sale has been approved by all parties involved. On average a Tucson short sale will take three to four months from start to finish but it is very possible to close in a shorter time. Many homeowners that have completed a Tucson short sale have also received a short sale incentive simply for selling their home. These programs are offered by your lender and also government entities and provide tax relief and relocation assistance to homeowners who complete a short sale. If you find yourself in a position to short sale the last thing you need is another bill stairing you in the face. By finding a Tucson short sale agent that charges no fee’s and may be able to qualify you for short sale incentives you may be able to put more money in your pocket.
So if your mortgage is upside down and struggling to make your monthly payments consider a Tucson short sale. Finding the right agent may be all you need in order to avoid foreclosure and move on with your life.