Bruce & Pam Wachter - Your White Mountains Realtors - Buy, sell White Mountains Arizona Real Estate - Show Low, Pinetop-Lakeside Cabins, Homes, Land
Bruce & Pam Wachter

Toll Free:  800-780-8035
Direct:      928-205-9115


Whether you're buying or selling White Mountains Property, Bruce & Pam Wachter have the experience knowledge, and friendly attitude to make the process pleasant for you!  Call us for all your White Mountains Real Estate needs!

"Upside Down" or Can't Make Your Payments? WE CAN HELP!

Would you be surprised to know that 1 out of 3 homeowners in Arizona owe more than their home is worth? Many can no longer make their payments in this tough economic times. Are you part of those statistics? Do you own a vacation, second home or investment property in Show Low, Pinetop, Lakeside or anywhere in the White Mountains of Arizona and are facing potential foreclosure? It may be time for you to list your home an Arizona Short Sale. Call us or EMAIL US - OR FILL OUT THE CONTACT FORM AT THE BOTTOM OF THIS PAGE

We can help you avoid the embarrasment and negative impact of foreclosure, or considering bankruptcy. Depending on your particular situation and hardship circumstances, you may be eligible for an Arizona Short Sale, and we can help you accomplish that. STOP FORECLOSURE NOW!

At its best, an Arizona short sale can be a win-win for both parties. For the seller, a short sale provides the opportunity to avoid foreclosure and the unpleasant implications a foreclosure brings, in addition to being able to return to home ownership sooner. The lender gets most of the value of the loan sooner and avoids additional legal or carrying costs while the foreclosure process plays out.

The decision to do a short sale or foreclosure also affects your credit score. A short sale is not a derogatory mark on your credit because credit bureaus do not show the word "short sale" on your credit report. It may say "pay as agreed" or "paid as less than agreed. Some sellers have reported negative FICO Score drops from 50 points to 130 points. In the case of foreclosure, sources have reported FICO score drops from 200 to 400 points. Generally this credit score will remain on your credit report as a public record for 10 years.

In summary, the short sale will typically leave you in a better situation financially.  If you are eligible, it is definitely a path worth considering. Please call us to talk about your specific situation-- we're ready to help.

Short Sales Explained

A short sale can be an wonderful solution for homeowners who need to sell because they are facing possible foreclosure, and also for those 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 never-seen-before housing market changes, banks and lenders have become much more open to seriously consider and approve these transactions. Recent changes in banking and lender policies and government oversight and incentives have also improved the chances of getting a short sale approved.

Simply put, the definition of "short sale" is:

  • A homeowner is 'short' when the amount owed on his/her property is higher than current market value. Sometimes commonly referred to as "upside down".
  • A short sale occurs when a negotiation is entered into with the homeowner's lender (or lenders) to accept less than the full payoff amount of the loan at closing. A buyer closes on the property, and the property is then 'sold short' of the total value of the mortgage.

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 extreme difficulty 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 suffficient liquid assets that would allow you to pay down your mortgage.

How We Can Help

While the definition and application appear simple and straightforward, the actual process is not. A short sale requires expertise, exceptional market knowledge and a high degree of professionalism required to successfully negotiate a short sale. Both Pam and Bruce bring that to the table. In fact, Pam holds the National Association of Realtors (NAR) SFR designation - certified Short Sale & Foreclosure Resource.

If feel you may qualify for an Arizona short sale, please contact us for a free and confidential consultation. Stopping a foreclosure is no small matter. If your Show Low, Pinetop, Lakeside home is threatened by foreclosure, you must act quickly. Please call us today to begin your Arizona Short Sale. OR EMAIL US



IMPORTANT NOTICE: Russ Lyon Sotheby's International Realty is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating.
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