Alternatives to a Short Sale in Phoenix

short sale flowchartWhat is a Short Sale?

It’s important to understand exactly what a short sale is before considering one. Sometimes mistaken as just another term for a foreclosure, a short sale is actually very different. Phoenix Homeowners who short sell are generally trying to avoid a foreclosure by working out a deal with the bank. Contrary to popular belief, in this case the bank actually wants to work with homeowners, as a foreclosure is a lengthy and very expensive process for the bank. Continue reading