Specializing in:
   Family Move-Up
   Foreclosures
   Seller Short Sales

 
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  • Patrick Schmitz & Scott Himelhoch
    Keller Williams Legacy One - The Signature Team
    3910 S. Alma School Rd., Suite 1
    Chandler, AZ 85248

    Fax: (480) 444-7201

    Patrick - (480) 200-3588
    Scott - (480) 234-0844

    Mortgage Rates

    National

    Average Rate*
    30-Year Fixed 4.59%
    15-Year Fixed 4.05%
    5/1 ARM 3.64%
    * Conforming FNMA Loan Amount. Rates may include points.

    Information updated: 7/30/2010

    Short Sale FAQ

     Need to speak with a Short Sale expert immediately?

    Call us at 480.234.0844 or 480.200.3588

     

    What is a short sale?

    A short sale is an option before foreclosure and occurs when a lender agrees to accept less than they are owed for an outstanding loan. 

    What are the benefits if I am selling my property in a Short Sale?

    • Sellers may sustain less damage to their credit record by means of a short sale vs. a foreclosure.
    • Lender pays all costs of selling your home
    • Avoiding eviction    

     

    What are the benefits to the lender?

    • Save the cost of foreclosure
    • Obtain a higher market price than if selling the property as a foreclosure
    • Does not have to incur the costs of rehabilitating the property after foreclosure (scroll down for more FAQs)

     Do you qualify for a short sale?
    Contact us for a free - no obligation consultation

    Need to speak with a Short Sale expert immediately
    call us at
    480.234.0844 or 480.200.3588

     

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    What is the Short Sale process?
    Click
    here for a full description of the process

    Is there information available from the State of Arizona?
    Yes. The Arizona Attorney General has a section of thier website dedicated to foreclosure and stopping the forclosure crisis. They have developed an Information workbook which you should
    download and read.

    More information can be found on the Arizona Attorney General's website at:
    http://www.azag.gov/consumer/foreclosure/
    I am experiencing stress and anxiety. Is this normal?
    If you are facing a pending foreclosure and/or considering a short sale then it is normal to be experiencing some level of stress and anxiety. It is important to find appropriate avenues to deal with the stress/anxiety you are experiencing. The Mayo Clinic provides an excellent online resource as a starting point: