Sam W. Abraham, ePRO, GRI, ABR, AHWD
Helping our community grow one HOME at a time
Office: (602) 943-3000 – (480) 797-8684    Fax: (480) 223-6421

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Helping our community grow one HOME at a time. If you are looking for an honest, courteous & professional realtor, then welcome HOME.


Real Estate in Phoenix and Maricopa County

In today''s challenging Phoenix real estate market, selecting the right real estate agent is crucial. It can make all the difference in the world. Whether you''re planning on buying, selling, or you just have a question, feel free to call Sam Abraham.

Helping our community grow one HOME at a time.

At Sam W. Abraham Realty, our realtors and short sale experts aim to help Arizona homeowners stop foreclosures.

What does Short Sale Mean?

A short sale is defined as the selling of a property for less than what the owner still owes on the mortgage. Also called a bank short sale, it usually occurs when the homeowner is facing foreclosure. Many lenders will agree to accept the proceeds of a short sale and forgive the rest of what is owed on the mortgage when the owner cannot make the mortgage payments. By accepting a short sale, the lender can avoid a lengthy and costly foreclosure, and the owner is able to pay off the loan for less than what is owed.
Are you looking to buy a short sale? We can help you. Click here to find out more about the short sale process for buyers.

Arizona Foreclosure Urgent Message

You need to act fast to stop foreclosure. If your Arizona home is scheduled for a foreclosure sale date, contact us immediately. We will work with you to prevent foreclosure. Click here to find out more about the short sale process for sellers.

Benefits of a Short Sale

  • No foreclosure on credit
  • Generally no money needed to close
  • No repairs necessary – Sell as-is
  • No taxable event for those that qualify
  • No deficiency judgment if negotiated
  • Out from underneath your mortgage debt
  • No need to file bankruptcy
  • A positive step towards home ownership in only 36 months
  • A possible immediate qualification for a mortgage

Short Sale Myths

A short sale can be an excellent solution for homeowners who must sell and owe more on their home than it's worth. Unfortunately, a number of myths about short sales have developed, and it is important to understand the reality of this process should you find it meets your current needs.

Myth #1 — The Bank Would Rather Foreclose than Bother with a Short Sale

This is one of the most common misconceptions. The reality is that banks do not want to foreclose on your property because the foreclosure process is incredibly costly. Banks, investors, and even the federal government have all publicly stated that if a person is qualified for a short sale, the deal needs to be considered. Overwhelmingly, banks receive more on their investment through a short sale than a foreclosure.

Myth #2 — You Must be Behind on your Mortgage to Negotiate a Short Sale

While this may have previously been the case, today lenders are looking for verifiable hardship, monthly cash flow shortfall, or pending shortfall and insolvency. If you meet these three requirements and believe that you soon may be unable to afford your mortgage, act immediately. Any delay could limit your options. Do not wait until the countdown clock to foreclosure has started and you have even less time left.

Myth #3 — There is Not Enough Time to Negotiate a Short Sale Before My Foreclosure

This is a myth that probably hurts homeowners the most. Many do not realize foreclosure is a process, and there is time to make decisions that may result in better outcomes. The foreclosing party, in most cases a lender, can stall a foreclosure up to the final day of the process. Today, many lenders will stall a foreclosure with a legitimate contract. For real estate professionals who understand foreclosures and short sales, there is time available until the foreclosure process is complete.

Myth #4 — Listing My Home as a Short Sale is an Embarrassment

It is understandable to have reservations about letting the world know that you owe more on your home than it is worth. However, according to recent estimates, one out of five homeowners in the U.S. is in the same situation. You are to be congratulated for admitting you need help, taking action, and finding a professional who can work with you toward a solution. With recent estimates showing 40-60% of U.S. sales will be short sales or foreclosures, you are not alone.

Myth #5 — Short Sales are Impossible and Never Get Approved

This is a complete falsehood. Are short sales more difficult to execute? Yes. Do you, as a homeowner, need to learn about a new process? Yes. Are they impossible? Absolutely not.

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Sam W. Abraham Realty
536 E Dunlap Ave Suite 11 • Phoenix, AZ 85020
Office: (602) 943-3000 – (480) 797-8684 • Fax: (480) 223-6421