Phoenix Short Sale Specialist

What is a Short Sale? 

As a Phoenix short sale specialist, I can tell you that a short sale is when you owe the bank more than what your home is worth and you sell it. You are essentially “shorting” the bank the difference. The bank has to approve these types of sales.

Why would a creditor allow a Phoenix short sale happen?

Well, there are a lot of reasons, but the simplest of reasons is that it is less expensive for a creditor to allow the short sale of a home rather than the foreclosure and resale process for those who have run into financial trouble. The loan servicer is most likely not collecting the mortgage owed each month on the property combined with the long foreclosure process, it costs the bank significantly more to foreclose rather than short sale a Phoenix home. Another fact is that most creditors are dealing with numerous amounts of defaulted loans to start with so, if all of them foreclose they will own real estate, and have to pay a realtor to list the property and obtain a buyer anyway.

So what happens to that money the bank gets shorted???

The banks write it off as bad debt. If you have mortgage insurance on your loan they may make a claim and to recoup the debt. They will also send you a 1099-C, you will need to talk to a tax advisor to see how this will affect you.


I am a short sale specialist in Phoenix that have successfully closed numerous short sales with several banks. Wells Fargo, Bank of America, Suntrust, M&I, HSBC and Chase are just some of the creditors I have worked with. Each creditor has it’s own process for short sales and all require a lot of tedious paperwork, but if you hire an expert short sale agent to handle the sale of your Phoenix Metro property, your chances of the short sale being approved rise significantly.

Please feel free to contact me directly at 480-294-8680 or email me at [email protected].  I can answer any of your questions or help you with the sale of your home. I have extensive training and expertise with short sales, re-sales and new construction in the Phoenix area and I am here to help you.