Information on Short Selling Your Home in Scottsdale and Phoenix by Jeff Cameron and Tony Mastricola

Information on Short Selling Your Home in Scottsdale and Phoenix by Jeff Cameron and Tony Mastricola
We put together this quick video to get more information out about the Short Sale Process and how important it is to know your options before making a decision. And remember, indecision is really a decision to the default answer. Most of the time, default answer is not the best route.
As we enter 2011, the banks have moved forward to begin aggressively foreclosing on home owners behind on their mortgage. No longer will they be issuing an extension on a sale date for every file. They will only grant the extension when they feel the closing is eminent. Meaning, the Short Sale is approved by all banks and the buyer is approved for the loan.
It is important for us to get the word out! Many people wait until the last minute. Waiting no longer works. As a matter of fact, we just went through getting a Short Sale approved and got the extension at the 11th hour. Both lenders approved the loan, the buyer was fully approved and we were ready to go. This home seller came to us just about 60 days before their foreclosure date. We got it done, but barely.

Hi Im Jeff Cameron
And I’m Tony Mastricola with the cameron team at KWIF
So Tony, were you affected by the financial crisis?
Who hasn’t Jeff. You know there have been over 5 million foreclosed homes?
Yes and estimates are for another 4 to 12 million foreclosures a head of us.
Honestly, I have had a short sale and then a foreclosure which then the only way to stop a 25% garnishment to my wages was a BK.
Couldn’t you have avoided the BK?
Maybe, but I wish I knew what I know today a few years ago! And that’s why we are here.
Many of you have questions you are finding a hard time getting answered like:
Can I keep my home
Will I have to pay taxes
Can the bank come after me for the deficiency
We are here to help you get your answers. Just mainly for guidance, we know CPA’s and attorneys that can give you the proper advise.
Because YOU DON’T KNOW WHAT YOU DON’T KNOW
Wow Tony! That is so true. I didn’t know what I didn’t know until I learned it. In some cases the hard way.
I met with top execs from a few large banks like WF and B of A they wanted to convey the same message
Banks are no longer just extending foreclosure dates! You must act quickly!
They are more cooperative today!
In some cases they will give you approvals in 30 days.
In some cases they will give you a full release. What that means is one would not need to do a BK with a full release from a
mortgage. They can go after you and garnish 25% of wages.
BTW they told us to contact you!
The sooner you make the decision to move forward the sooner you can take advantage of this market as a buyer.
That’s right, I helped Michael short sale his home about a year ago and you just helped him buy new one.
Yes, and if he would have just let it go into foreclosure he would still be renting for another 3 years and not taking advantage of this market.
We are here to HELP
Give us a call for a Free Consultation, You will discover your options and possible benefits. It cost you NOTHING!