Scottsdale & Phoenix, Arizona: Short Sales Attorneys
Are you considering a short sale or having difficulty negotiating a short sale with a lender?
If you own a home or property that is worth less than the outstanding loans and want to, or need to the property, a short sale may be the best option. However, before deciding to move forward with a short sale, an owner has to understand Arizona’s anti-deficiency laws and the nature of a short sale, including all of the important legal and tax implications that arise from a short sale.
If you are experiencing any of the following situations, a short sale may be right for you —
- Difficulty paying your mortgage payment and other financial obligations.
- Financial hardship
- Upside down (owe more than you can sell your house for) on your home
- Need to move due to a transfer or other reason but can’t sell your home unless your lender agrees to accept less than the amount owed on your loan
- Desire to sell your home and avoid the stigma or other negative consequences of a foreclosure
To learn if a short sale is a good option for you, or if you are an owner or realtor that wants assistance with the short sale process including negotiating with your lender, contact McCain & Bursh today at 602-604-2138. – Consultation Disclaimer*