If you’re a financially distressed Arizona homeowner and you feel you can no longer afford your home, pursuing a short sale may be an option in which case you may be eligible for financial help with your move to your new alternative housing.
The funds come from the Short Sale Assistance Component which is part of the Save Our Home AZ Program.
The state of Arizona is providing up to $4,500 in transition assistance to qualified homeowners who can no longer afford to stay in their homes. You can help by advising your distressed clients that they must:
- Apply for the funds through your state’s website or by calling 1-877-448-1211.
- Maintain your property until your house is sold.
For qualified homeowners, these state funds may be used in addition to any other transition assistance that you may receive by participating in the Federal Home Affordable Foreclosure Alternatives (HAFA) program or in any other pre-offer short sale program.
To learn more about the Transition Assistance Program’s guidelines, and how you may qualify, please contact our Arizona distressed homeowner real estate agents and brokers and we can get you a detailed agenda of tasks and timelines that you’ll need for this process.