Short Sales

Do you owe more than your home will sell for?

Gary Whitley of Built by Referral Realty Group is one of the leading short sale agents in Arizona.  If you are "upside down" in your property, I can help you to attack the problem and figure out the best option based on each individual situation. My goal is to help you sell your home and avoid foreclosure while minimizing your liability.  I understand that there are a multitude of reasons why homeowners and investors get in over their heads and I know that every situation is unique.I take the time to put together a personalized plan of action based on your situation.

What is a short sale? Basically, a short sale is when you owe more on the property that it will sell for in the current market. With this occurrence, you can only sell your home with the lenders approval to accept less, or short, than the amounts owed against the property.

The term “short sale” is becoming a more common term in today's current housing market. More and more home owners are finding themselves facing "hardship" and tough times selling or refinancing, due to a number of different reasons. If you have experienced any sort of hardship, you may qualify for a short sale of your home and we can help.

How does a bank benefit from a short sale?

Banks are in business to make money off of their money, not own homes. By selling and accepting less than owed is still more than auction prices will produce.

So why should a bank want to accept less?

One reason is foreclosures are costly. It costs the banks quite a bit to proceed with a foreclosure. The banks know they will only get the fair market price at best, anywhere. So why spend even more of their losses foreclosing on a property that they can accept a short sale on? Exactly! Short sale means a higher net to the bank.

Another reason is by listing your home for sale, the bank gets a licensed Realtor to actively market your home and bring in the highest and best offers. This clearly brings in more offers at higher prices than auctioning at the court house.

In a nut shell this is how the Gary Whitley can help YOU!!

• My services are completely free to all home owner’s, your lender pays my fees, as well as ALL traditional sellers closing costs!
• I will work to get you fully forgiven of your debt, regardless of what you owe on your home
• You do not always have to be in Default or foreclosure to work a short sale
• I’m NOT an investor, I’m a state licensed and regulated real estate agent, who is here to serve your best interests.
• It is usually in your lenders best interests to accept a lower amount than you owe, as foreclosure proceedings cost an average of $58,000 for a lender.

If you are in financial hardship and must get your home sold, I would like to discuss your circumstances with you to see if you qualify for one. It is not always the best option. Please contact me today for a free, confidential, no obligation consultation!