Are You Facing Foreclosure?
If you or someone you know is facing foreclosure, you need to read this:
Phoenix and the Valley of the Sun are one of the leading cities for foreclosures. In fact, right now the majority of homes sold in The Valley are foreclosures!
Foreclosure is quite possibly the most devastating financial and emotional process a homeowner or family can go through. It’s serious business – a foreclosure will remain on a person’s credit history for 10 years or more, affecting the likelihood of getting another mortgage, security clearances, and even future employment.
The reality is that many foreclosures should never happen. Homeowners have options, but many don’t know where to turn. There are practical alternatives and it pays to understand them. These may include reinstatement, forbearance, leasing, refinance, loan modification, deed-in-lieu of foreclosure, bankruptcy, and short sale. As an example, short sales, which were virtually unheard of only a few years ago, allow homeowners with a legitimate hardship to avoid foreclosure by selling their property for less than the balance of their mortgages.
If you’re facing foreclosure, call me at 480-614-3781 to set up a confidential, non-threatening appointment to discuss your options.
If you know a friend, neighbor or family member who is experiencing financial hardship, please help them understand all their options. Less than one percent of Realtors® are CDPE professionals, yet we offer valuable information about these alternatives for homeowners. If you know someone who needs help, please tell them about me or me about them.
