A “short sale” is when a purchase offer will be insufficient to pay the current home loan balance and closing costs at the closing.
Ellen Lawson has negotiated hundreds of short sales of residential homes and vacant land properties. She will help homeowners prepare their hardship letter, she will review their financial package before it is submitted to the Lender, and she will directly negotiate with her clients’ Lender(s) to achieve the best outcome possible.
It is essential for a homeowner to fully understand the short sale process before listing their home. There are many legal aspects associated with a short sale such as the leverage a homeowner may have if they can otherwise walk away from their home under the Arizona anti-deficiency statute, the need to advocate the homeowner’s financial situation, the Arms’ Length relationship between the parties, and possible tax consequences.
Contact Ellen Lawson to set up a consultation to better understand the short sale process. Contact Ellen Lawson.
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