Foreclosure vs Short Sale in Arizona - Short Sale Process Arizona by your Arizona Short Sale Realtor

Aug. 20, 2012 - PRLog -- So, what is the distinction in the benefits of a short sale VS a foreclosure in Arizona?

Many times homeowners fear dealing with the banks or simply get frustrated and give up dealing with the banks.  It is very important to work with a Arizona Short Sale Realtor who is certified in Equator, CDPE, and up to date with all the lending requirements and procedures when working on a short sale.

View Qualification tools, forms, process and more at: http://www.AzShortSalePro.com

When you work with a Certified Arizona Short Sale Realtor, the Short Sale Process Arizona will be a lot easier on the homeowner.

Instead of walking away, letting the bank foreclose, and dealing with the issues into the future, a homeowner can work with the Agent, who will then work on the homeowners behalf to complete a short sale.

Some things for a homeowner to consider in regards to Foreclosure vs Short Sale in Arizona :
- A homeowner does not pay any fees or Commissions to a Arizona Short Sale Realtor in a short sale.
- Foreclosure can typically see a Credit Score Drop of 150-300+ Points, or as small as a 50 point drop for a short sale.
- A Foreclosure can remain on your credit report for 10+ years and is permanent in the public records of the homeowners county of foreclosure.
- A Foreclosure must be disclosed on all future Credit/Employment Applications if asked
- A Short Sale has no credit reporting code on credit reports
- Homeowners have purchased a home within 2 years after a Short Sale.  A Foreclosed homeowner must wait 5-7 years.
- An Arizona Short Sale Realtor is trained and knows how to ask the bank for a deficiency judgement.  With a foreclosure you have no right or way to ask.


An Arizona homeowner must be educated and understand the extreme difference in regards to Foreclosure vs Short Sale in Arizona.  Every day there are new programs, new bank incentives to complete a short sale (We have seen anywhere from $2000 - $35000 as a relocation incentive to complete an arizona short sale).

In the Past investors have always walked away from an arizona short sale.  No longer is that needed today.  More and more banks are now offering short sale process arizona for investors who own multiple properties facing foreclosure.  Even incentives to walk away and leave the properties in good shape.

If you are facing financial hardship, or see a future hardship nearing, make sure you are educated on the Short Sale Process Arizona and understand the big difference between a Foreclosure vs Short Sale in Arizona Scenario.

A homeowner can view qualification tools, forms, Chat with an Arizona Short Sale Realtor and more at http://www.AzShortSalePro.com