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You probably have many questions about
www.iShortSaleHomes.com
and that's to be
expected. Most people have only sold property through
the open market, so the processes used by iSSH
may seem a
bit confusing at first.
We have gathered some of the most asked questions and
answers for you and put them below. If you don’t find
the answer you're looking for, or you want to talk to a
human, iSSH
is just a phone call away. Call
602-626-3598 and we will answer your questions
immediately.
Q.
Who usually sells their houses to iShortSaleHomes.com?
Q.
What if I have little or no equity?
Q.
How do you determine the price you will offer for my
house?
Q.
How quickly can iShortSaleHomes.com close?
Q.
I'm in foreclosure, can you stop the auction and save my
credit?
Q.
Do I have to move out right away?
Q.
Can I sell
my house and keep living in it?
Q.
Is bankruptcy a good
option?
Q.
Can I exercise a right to
redemption after my house was foreclosed?
Q.
What happens if I just
ignore the notices?
Q.
What can
iShortSaleHomes.com do for you?
Q.
How does a iShortSaleHomes.com plan work?
Q.
What if I'm not sure about the
plan you offer me?
Q.
Can
you help me clean up my credit report?
Q. What is a
Short Sale or Short Pay off and how can it affect me?
Who usually sells their houses to iShortSaleHomes.com?
Many different benefit from working with Valley and sell
their homes every week. Whether your facing
foreclosure, under financial hardships, inherited an
unwanted property; if you are a landlord who is tired of
fixing toilets, or just someone who wants a quick cash
offer with a no stress closing, we will make an offer on
your property. Regardless of the condition of your
property, we will buy your house for cash, close
quickly, and pay the usual and normal closing costs.
What if I have little or no equity?
Not
having any equity is not a problem for us. iShortSaleHomes.com has a full-time staff that will
work with your mortgage lender throughout the process to
negotiate the mortgage balance you owe to a lesser
amount, creating a deal that works for both you and us.
This is our specialty!
How do you determine the price you will
offer for my house?
Current market values and the condition of the house are
factors determining the amount we will pay for your
property. We also considered the costs of necessary
repairs, real estate sales commissions, as well as the
costs of insurance, utilities, taxes, loan payments and
maintenance costs while the house is being renovated and
offered for sale.
How quickly can iShortSaleHomes.com close?
We have closed real estate deals in less than 24 hours
before. However, most transactions will take 5 to 7
business days. We will need to order your mortgage
payoff amount and a title report. These two things
usually take 3 to 5 days to receive. We will need to
know when we meet how fast you need and want to close
and we will work diligently to work within your
timeframe.
I'm in
foreclosure, can you stop the auction and save my
credit?
Yes,
we specialize in working with homeowners in foreclosure
and have been able to stop the auction and avoid a
negative mark on your credit report. If you are
nearing foreclosure, call us today and don’t wait.
Do I have to move out right away?
No, you don’t have to
move out right away but the house does need to be vacant
before the closing takes place. In some cases,
homeowners can stay in the property for up to six months
if necessary while you find another place to live.
iShortSaleHomes.com also has a variety of
programs where you can sell the house and remain living
there paying rent. In some circumstances, you rent the
house back or use a lease to buy structure that allows
you to buy the property back down the road. All of our
rental and lease to buy rates are competitive and based
on fair market rates in your community. If we negotiate
with your lender to accept less than you owe because
your loan amount is higher than the property value, then
you will have to move to a new home as the lenders do
not allow you to remain living there.
Can I sell my house and keep living in
it?
Yes, there are many reasons why you might want to sell
your house and continue living there. In a case where
there is temporary financial difficulty, or if you are
dealing with a divorce, or face any other challenging
situations, we will work with you. We’ll work so hard to
sell your house fast, free up your equity, and help you
plan for a long-term solution.
Is
bankruptcy a good option?
Only you can answer that question with
the advice of a qualified attorney. You should know that
if you file bankruptcy you may be able to walk away from
the debt and the asset, or reorganize your debts. You
should be aware that it’s more difficult now to file
bankruptcy than in the past and you should talk to a
licensed attorney before making this decision. I am not
an attorney and cannot give you legal advice, but I will
say that filing bankruptcy gives you short-term relief,
although it is a serious matter with future
ramifications and consequences. You should take this
decision seriously and do everything possible to avoid
filing bankruptcy. Bankruptcy will stall the foreclosure
but not solve the ultimate problem.
Can I
exercise a right to redemption after my house was
foreclosed?
Some states allow a certain number of
days (commonly 90 days) to pay off the loan after
foreclosure to allow you to get the property back.
Arizona does not have this statute.
What
happens if I just ignore the notices?
If you opt to do nothing and let the foreclosure process
run its course, then eventually the sheriff will show up
to order you to leave the property. Doing nothing is the
worst option and will only lead to more problems down
the road
What can iShortSaleHomes.com
do for you?
After meeting with you
and understanding your needs, we’ll put together a
custom solution to ease your financial situation and
keep you living in your home. You may choose to sell
your house to us and then rent it back again for a few
months or a few years. Or, you may choose to sell it to
us with a buy-back option that provides you with an
option to purchase home at a later time when your
finances get stronger. These are both excellent options
when you need quick access to cash but do not want to
move from your home. Although, please remember that if
we are working with your lender to accept a short pay
off; that is, they are accepting less than you owe, you
cannot remain living in the home under any circumstance.
How does a iShortSaleHomes.com plan work?
We will create solutions to your situation that will
meet your needs and lifestyle. That may be a short-term
rental, long-term rental, or a buy back option for your
home. It's up to you. You can be assured that rental
rates and buy back options are priced fairly. Our rental
rates are based on your local market rates, and our buy
back options are set up fairly with the price agreed
upon in advance so there are no surprises down the line.
What if I'm not sure about the plan you
offer me?
No problem. When we put together your individual plan
you are not obligated in any way. Read through it, think
about it, and don't worry. We will work with you to find
a solution that works for all of us.
Can
you help me clean up my credit report?
Yes, we have several suggestions for you that we hope
you fill find acceptable. We can even provide you
information on cleaning up your credit report and we can
help you with budgeting to get you back on track to
financial stability.
What is a Short Sale or Short Pay off
and how can it affect me?
A short sale or short pay
off is a sale in which a lender allows the
property securing a mortgage or deed of trust loan to be
sold for less than the existing loan balance, due to
factors such as the borrower’s financial circumstances,
the property’s physical condition, and local real estate
market conditions.
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Qualifications for a
short sale:
-
Borrower is
insolvent and unable to make payments
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Property is worth
as much or less that what is owed
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The condition of
the property has deteriorated
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Borrower has
experienced unforeseen hardships
-
Local market
conditions are not favorable
Lenders do not allow
property owners to receive any of the proceeds from a
short payoff sale. There are no exceptions to this
guideline. Arizona is not a deficiency state, which
means under the statute that the lender cannot come
after you for future payment. Arizona revised Statutes
Section 33.814(G) provides that if your property is on
2-1/2 acres or less is a single family home or duplex,
that you are protected from owing more after the
foreclosure.
We create solutions and hope to have a referral
relationship with you after our transaction is
successfully closed.
Please refer your friends to our website
for information and share your experience with others.
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