Facing Foreclosure? Need Options?

If you are in the unfortunate position of facing foreclosure, you need to know that you have options. In general, most people facing foreclosure end up in one of these positions:

1. Getting a Loan Modification. A loan modification involves negotiating new more favorable terms with the mortgage lender. This is much more difficult than most people realize because although the terms are different, you still need to prove that you can pay for the loan. This pretty much eliminates people who either do not have jobs or do not earn enough money to qualify. There is also an up front fee usually involved due to the immense amount of work it takes, and then the banks are so backed up that the process can take up to several months.

2. Sell Your Home as a Short Sale. This is our specialty and is one of your best options. A short sale refers to a home that is sold for less than what is owed. We can find you a buyer and negotiate a fair price between the new purchaser and the bank. Our goal is to convince the bank that it is better to take something rather than risk having another foreclosure on the books. It is a very detailed process and must be handed by a short sale expert, not just a local real estate agent. Our short sale experts are some of the most successful in the Phoenix Metro area.

For a FREE consultation on either Loan Modifications (nationwide) or a short sale in Arizona, please call 800-453-9290 (24 hour voice mail).