IF YOU NEED TO DO A SHORT SALE HERE ARE SOME THINGS TO AVOID SCAMERS:
1. Are they asking for money upfront? (My team never charges you and only gets paid by the lender when we complete the transaction)
2. Do they want you to sign a "quit claim" Deed? (This never should be done in a legitimate transaction to sell your home)
3. Do they want you to move out of your home to sell to their "investor"?
4. Don't sign over ownership of your property via a "quit claim deed “to anyone without the advice of lawyer or REALTOR® you trust. "When people get behind on their loan payments, they get desperate. Get as much information as you can before doing anything.
Don't fall for fake promises:"We'll save your credit";”We take over your payments”; "We'll buy your house 'as is'"; or “Get a new mortgage with low monthly payments." Beware of any Purchase contract that is not on standard AAR real estate forms.
We can supply you with FREE help Call 480-577-4356 for more information.
FREE counseling service is available for Arizona residents. Please go to the links page or Call 1-877-448-1211 (toll-free). For a list of participating counseling agencies.
Do's and don'ts:
1. Do call your Mortgage Company or lender if you're in trouble. Ask for the loss mitigation or the loanmodification department. If you take a proactive approach you will have a better chance of working something out with your current lender.
2. Don't call for assistance from one of those many signs on street corners or telephone poles
3. Do proceed with caution, if a company or person:
- Describes itself as a "mortgage consultant," "foreclosure service"
- Collects a fee before giving any services;
-"bait-and-switch," con artists actually trick a homeowner into signing over the deed to a home
a. Never sign a contract under pressure. Always know exactly what you're signing. Take your time to review the paperwork thoroughly – ideally work with a someone who only represents your interests.
b. Never make a verbal agreement. Get all promises in writing and get full copies.
Make sure you are making a good business decision:
If you owe $300,000 on a home that is worth $200,000 how long will it take before your home is worth what you owe again? If you get your loan currant can you afford the payments? Call my team and we can run the #’s on your home and talk about what the best plan is for you.
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