Super Fitness Health BlogStay away from Foreclosure By Using A Short Sale… Then Go Rent Rent!
Arizona home foreclosures are high! The Arizona short sale has been rising! And… Same goes with tenancy? Yes… You actually are able to use a short sale to counteract foreclosure and be able to lease for a bit. That appears to be the program lots of people are choosing to make use of at present.
As house values continue to fall and the danger of foreclosure looms, many more people are picking an Arizona short sale. Home foreclosure is difficult enough, however in addition to negative industry forces it’s hellish for those trying to find a way out of their dilemma.
Short sales in Az give you a clean slate with your debts in most cases, however your credit will be negatively affected. Which means that, renting becomes a workable alternative.
The following was taken from the East Valley Tribune website:
“Are we turning into a rental community? Right now, we are,” said Tom Ruff, analyst for The Information Market, a Glendale real estate research firm. “In Maricopa County, we’ve had a lot of boom and bust cycles, and this is just another cycle that we’re going through.”
While I certainly agree that this is a cycle, I feel that this cycle goes deeper than anyone expects. You see, the economy as a whole is not improving and the Federal Reserve has announced an end to QE II. QE II came after QE I and is basically the way the government buys its own debt in order to prop up the economy.
Lack of this specific unnatural stimulation developed by our very own government, our economy will continue to suffer. At this time there is not a way around it.
As the hurting continues, same goes with the anguish in housing. Still we’re observing falling home values several years after the crash! Typically, a crash might signal a bottom. In speaking with a title company representative recently, I found out that 50% of the real estate deals now taking place are increasingly being performed by investors!
Surely, for those who have funds to shell out, the united states property market is ready with bargains along with likely tenants.
Those of you in the position of being upside down or unable to make payments on loans that have rates adjusting higher, can participate in this market as well. Use the benefit of a short sale in Arizona to get out of your problem situation. Then, lock up a rental property or a lease purchase or lease option deal to re-establish yourself.
In a few years, your credit rating may be much less of a worry and you will be in a position to then look at more common property purchasing scenarios. In case you decided to allow a foreclosure, your credit ratings could very well be altered for a longer amount of time. You owe it to yourself and your family to check into an Arizona short sale. Therefore You need to speak with a short sale pro immediately!
Learn more at http://www.arizonashortsaletips.com/
Comments are currently closed.