Sell your Chandler real estate home Sell your Chandler real estate home | 页面 3

Strategy #3. Short sale helps for a foreclosure in Chandler
A short sale is the third strategy — this is where you sell your home and put the proceeds of the
sale toward the amount owing on your mortgage loan. A short sale is a preferred method for
people facing foreclosure because it is proactive, fast, and very effective.
 It’s proactive, which means that you take matters into your own hands (that’s a major
stress eliminator because so much of the stress of foreclosure comes from the process
being completely out of your control).
 Its fast — in some cases, you can sell your home in as little as a week! That’s also
because it’s local: You can get help for foreclosure in Chandler since organizations like
RPS Home Solutions help people going through short sales.
 It’s very effective because a short sale can completely wipe out (or almost wipe out) the
amount owing on your mortgage. If there is any amount left over that is not covered by
the sale of the property, you’ll be responsible for it (although you can sometimes work
out a deal with your lender).
With a short sale, you still end up with the reality of having to leave your home but there is a
bright side: The impact to your credit is much less (compared to a bankruptcy or a foreclosure)
so this is a smart long-term play to give yourself some options.