Don McCredie

IM YOUR EXPERT IN SHORT SALES

If you’re experiencing difficulty paying your mortgage and need to sell your home due to unemployment, increased expenses, divorce, disability, or any financial problem, a short sale is a free option that can end your mortgage trouble permanently.

WHAT IS A SHORT SALE ?

In real estate, a short sale is when a bank or mortgage lender agrees to discount a loan balance due to an economic hardship on the part of the mortgagor (or rather the lender allows the home to be sold for less than what is owed to the lender currently). The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender usually for full satisfaction of the debt. In such instances, the lender would have the right to approve or disapprove of a proposed sale. Also, your lender will insist that you hire an experience realtor for this process.

IS A SHORT SALE RIGHT FOR YOU?

If your home is worth less than what you owe on the mortgage, then you should qualify for a short sale.

Doing a short sale in arizona requires experience and skills. get it touch with me now, there's no cost to you. Although i represent you, the bank will pay me directly.

WHAT BENEFITS CAN A SHORT SALE PROVIDE YOU

remain in the property

You will remain in the property during the negotiation and short sale process (which can be as long as 4 – 6 months, or more).

time to save

You will have time to save money and make other living arrangements.

avoid foreclosure

You can avoid foreclosure and an eviction action. A foreclosure stays on your record for 7 years and negatively affects your ability to re-establish credit.

able to negotiate

You will be able to negotiate and avoid deficiency action.

Limit Damage Credit

You will limit the damage to your credit (as compared to a foreclosure). Most home owners can re-establish credit in as little as two years after the short sale.

Not Cost

It won’t cost you anything (you don’t have to pay me a dime) The Bank pays my fee.

incentives

You could be eligible for a significant cash incentive to help you relocate after closing.

take control

You have the ability to be pro-active and take more control of the situation.

Check out this short videos for more information

A PLACE TO LIVE

NO COST TO YOU

STOP THE CALLS

Drafting a Short Sale Approval Letter

Your lender is under no obligation to agree to or even consider a short sale. Therefore, we must formally request a short sale that allows me to negotiate the terms with your lender and all other liens or encumbrances that affect the home (i.e. HOA liens, child support, judgment liens).

I will help you draft a short sales request letter.

What Are the Qualifications for Short Sale?

To qualify for a short sale, you must owe more on your mortgage than the property is worth and have a documented hardship which has made the mortgage unaffordable (or has caused your inability to pay). Some examples of acceptable hardships for a short sale include a decrease in pay, job loss, medical problems, death, divorce, significant interest rate increase, or other similar change in circumstances that makes it extremely difficult to pay your mortgage.

WHY WORK WITH ME?

Life has its ups and downs. My goal is to help good people navigate through the hard times by freeing them of their mortgage obligations. I can persuade lien holders to cancel amounts owed in order to move on to reestablish credit. I can do this at no cost for you.

Among my qualifications

REALTOR EMERITUS

1996 REALTOR OF THE YEAR

MORE THAN 45 YEARS of residential real estate experience

superb COMMUNICATION SKILLS

superior NEGOTIATION SKILLS

i am the realtor that other realtors refer short sales to

ABOUT ME

I have been selling homes for over 45 years, mostly for financial institutions. Some time ago I shifted from selling foreclosures to selling pre-foreclosures, also known as Short Sales. I would rather solve problems for consumers than for lenders.

Testimonial

We have known Don McCredie for over 30 years. After the start of the last recession, our combined income plummeted. We had recently purchased a bigger home and we fell behind on our payments. We mentioned this to Don and he recommended that we attempt a Short Sale rather than wait for a foreclosure. Subsequently, he sold the home and negotiated the terms of the settlement with out bank. We didn’t have to pay a dime for the process. Better still, we recently closed on a new home after only a two year waiting period. There was no downside to working with Don McCredie to get this chapter in our lives behind us.

My partner and I purchased a rehab house only to discover that the work done had been shoddy and incomplete. Due to water intrusion issues, we both became ill from black mold. We could not live there, nor could we afford to mitigate the problem. We stopped making the payments and awaited the consequences. Soon, we received threatening phone calls on a daily basis. We tried to give the home back but were told that we were responsible for the entire amount owed and that the bank would come after us for any deficiencies if the entire obligation was not satisfied. We listed the house For Sale but the market would not provide us the price we needed to pay everything off. Our Realtor recommended that we contact a broker he knew who specialized in Short Sales. We called Don McCredie. He met us the same day at the house to discuss our options. With Don’s help, the harassing phone calls stopped and the loan deficit was forgiven, in writing. I recommend meeting with Don McCredie for a free consultation.

I owned a large home and made the mistake of taking out a sizable second mortgage. The debt service on both loans was more than I could handle. I knew a very competent Realtor and called her. After we looked at the numbers, she said that we could not net enough from the market to break even. She did not want to waste anybody’s time trying to do the impossible so she referred me to a specialist, Don McCredie. He met me at the house the same day. We listed it at a realistic price and generated a sale subject to the approval of the lien holders. He convinced both lenders to take less and we closed the deal. I was allowed to stay in the home for enough time to transition to a rental, and he even got the banks to pay me a relocation stipend to help with the move. I recommend his services to anyone experiencing a similar setback.

LET MY EXPERIENCE WORK TO YOUR WELFARE

I offer a no-obligation consultation in the comfort of your home. I will personally come by to discuss the best way to alleviate the stress and anxiety of potential defaults.