Let me start by introducing myself to you. I am Steven Kuncho, a REALTOR® with Country Ranch Real Estate in Bulhead City, Az. Chances are, you or someone you know in the Bullhead City area that is facing the possibility of foreclosure. But you need to understand that you are not alone and we are here to help.
The current U.S. housing market and national financial crisis has caused untold stress and heartache for many American families. Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided.
A short sale can be an excellent solution for homeowners in the Bullhead City area who need to sell their home, and who owe more on their homes than they are worth. In the past, it was rare for a bank or lender to accept a short sale. Today, however, due to overwhelming market changes, banks and lenders have become much more negotiable when it comes to these transactions.
For homeowners to qualify for a short sale, they must fall into any or all of the following circumstances:
- Financial Hardship – There is a situation causing you to have trouble affording your mortgage.
- Monthly Income Shortfall – In other words: “You have more month than money.” A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage.
- Insolvency – The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.
This seems simple enough, but it is a complicated process that takes the expertise of experienced professionals. We are ready to identify all possible options and, when possible, assist in the quick execution of a short sale transaction.
If you have questions or feel you may qualify for a short sale call me today so we can discuss your options.
Steven A. Kuncho, Realtor
Direct: 928-234-9560 Office 928-758-8811
Country Ranch Real Estate
1858 Highway 95, Bullhead City, AZ 86442