Escape Your Unmanageable Mortgage: Getting free doesn’t have to mean running away.
Perhaps you have heard about it???
On the news, a reporter tells a story about how the housing crisis has caused some homeowners to simply walk away from their homes. It sounds crazy, but you can't avoid seeing the many Short Salesand Foreclosures in Phoenix, Arizona. Many people are being led to believe that walking away from their home is a good (or even the best!) option.
It is called Strategic Default. For distressed homeowners who believe that they have no good choices left, the idea of walking away free of consequence may sound like a RELIEF. The REALITY, however, is that choosing Strategic Default has serious repercussions on your credit.
THERE ARE BETTER OPTIONS AVAILABLE!
If you feel that you are headed toward Foreclosure, and need Foreclosure Solutions, or if you are avoiding facing that fact, the sooner you reach out for help, the better your options. The impact of Foreclosurein Phoenix, Arizonais huge and the sad fact is that it’s often avoidable with other options and many cases it's usually a Short Sale. The good news is that there are Foreclosure Solutions!
To find out if a PhoenixShort Saleis right for you..OR...For your Free Report Click here ...
As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, my mission is to provide financially-challenged homeowners with options to escape from unmanageable mortgages without running away.
Facing your problems head-on is always the best solution. Let me help.
The Second Largest Settlement in History: How it saves you from foreclosure!
The news has been a buzz in the past few weeks about the historic Robo-Signing Settlement reached between the government and five major lenders. The settlement raises lots of questions, but for homeowners who are in danger of losing their home here is Phoenix Arizona, there is only one:
Can this settlement help me stay in my home?
The answer: Possibly! But regardless of whether you meet the specific eligibility requirements for this settlement, it is important to remember one thing:
YOU DO HAVE OPTIONS!
If you feel that you are headed toward Foreclosure, and need Foreclosure Solutions, or if you are avoiding facing that fact, the sooner you reach out for help, the better your options. The impact of Foreclosurein Phoenix, Arizonais huge and the sad fact is that it’s often avoidable with other options and many cases it's usually a Short Sale. The good news is that there are Foreclosure Solutions!
To find out if a PhoenixShort Saleis right for you..OR...For your Free Report Click here ...
It CAN be done! And it would be my privilege to help.
As a Certified Distressed Property Expert (CDPE) I am uniquely qualified to help determine your eligibility and answer any questions you may have about the settlement. Call me or email me and set up your free, confidential consultation. Let me help you figure out the best foreclosure alternative option for you.
The Home Affordable Foreclosure Alternatives (HAFA) Program is a government-sponsored initiative overseen by the US Treasury Department and administered by Fannie Mae assisting all Home Affordable Modification Program (HAMP)-eligible homeowners in avoiding foreclosure, specifically through short sales or deeds-in-lieu of foreclosure. In my last blog, I gave a brief explanation of what (HAFA) is and this blog is to let you know of the recent changes to this wonderfull government program.
As of February 1, 2011
Changes as of June 1, 2012
Deadline Extension
Deadline was Dec. 31, 2012.
Deadline is Dec. 31, 2013.
Occupancy Requirements
Homeowners must have lived in the property within the previous 12 months.
There are now no occupancy requirements and borrower cannot have purchased a residential property in previous 12 months.
Relocation Assistance
$3,000 granted to homeowners after completion of short sale or deed-in-lieu.
$3,000 relocation incentives are limited to owner or tenant occupied properties at the time of short sale.
Mortgage Payments and Debt/Income Ratio
Mortgage payments on loans may not exceed 31% of the homeowner’s gross monthly income.
Mortgage payments may now be allowed to exceed 31% of gross monthly income if it keeps the homeowner current on their mortgage (at borrowers request).
Secondary Lienholders
Secondary Lienholders may receive a maximum of $6,000.
Secondary Lienholders may now receive a maximum of $8,500.
Credit Bureau Reporting
No offiial credit bureau coding.
Credit Bureau Reporting will now be"Account Status Code = 13 (Paid or closed account/zero balance) or 65 (Account paid in full/a foreclosure was started) asapplicable.
This program was made to give homeowners just like you options to Avoid Foreclosure.
Is your mortgage currently unaffordable, or will it be in the near future?
Even with adjusted payment plans? Take this quick survey to see if you qualify!
To learn more about if you are eligible for this program or if a PhoenixShort Saleis right for you...Click here for your...
If you feel that you are headed toward Foreclosure, and need Foreclosure Solutions, or if you are avoiding facing that fact, the sooner you reach out for help, the better your options. The impact of Foreclosurein Phoenix, Arizonais huge and the sad fact is that it’s often avoidable with other options and many cases it's usually a Short Sale. The good news is that there are Foreclosure Solutions!
What if you didn't have to fight foreclosure alone?
Truth is, you don't. There is a government program, Home Affordable Foreclosure Alternatives (HAFA), which has been put in place to provide you with better solutions, including more efficient short sales or deeds-in-lieu of foreclosure.
Short sales and deeds-in-lieu can help to settle your mortgage debt, clear your mind of stress, and save you and your family from the financial challenges of foreclosure. The government also offers a $3000 homeowner incentive to help with getting relocated and moving on with your life.
So What in the World is HAFA....
This program was made to give homeowners just like you options to Avoid Foreclosure. To find out if you are eligible for this program or if a PhoenixShort Saleis right for you...Click here for your...
If you feel that you are headed toward Foreclosure, and need Foreclosure Solutions, or if you are avoiding facing that fact, the sooner you reach out for help, the better your options. The impact of Foreclosurein Phoenix, Arizonais huge and the sad fact is that it’s often avoidable with other options and many cases it's usually a Short Sale. The good news is that there are Foreclosure Solutions!
Does it feel like trust is one of the major casualties of the economic meltdown of 2008 – followed by the “Great Recession,” the “Jobless Recovery” and now the threat of a “Double Dip Recession?”
Weren’t we assured that home values were destined to go up and up and up?
There have been lots of promises that help is on the way—and lots of warnings of scams and schemes that have only served to confuse the matter. So where’s a homeowner who’s underwater or overleveraged to turn?
Here’s the bottom line: the choices that homeowners make when they feel they are at the end of their rope will have ramifications for years to come on their ability to qualify for credit, their job prospects, their security clearance and their overall finances. When a family’s financial trajectory is rapidly heading in a negative direction, there’s no substitute for the helping hand of a knowledgeable expert who has the integrity, the experience and the training to reverse the course—someone who is tapped into regulatory initiatives and can separate fact from fiction.
It is my mission to serve as a credible source of information and perspective to homeowners who have found themselves in a tough situation and need help sorting through their options. That’s why I sought out the Certified Distressed Property (CDPE) designation—the most renowned and recognized credential in the distressed property field, and it’s why I continue to stay on top of regulatory and industry developments that impact options available to homeowners who are struggling with their current financial situations.
My message to homeowners who do not know where to turn: there is hope. Foreclosure is not inevitable and you can Avoid Foreclosure. Neither the government nor your bank wants to see that happen. No one expected to find themselves on the brink of foreclosure, but I have worked with countless clients who have managed to turn their financial trajectory around and get on a path of financial recovery.
If you feel that you are headed toward Foreclosure, and need Foreclosure Solutions, or if you are avoiding facing that fact, the sooner you reach out for help, the better your options. The impact of Foreclosurein Phoenix, Arizonais huge and the sad fact is that it’s often avoidable with other options and many cases it's usually a Short Sale. The good news is that there are Foreclosure Solutions!
To find out if a PhoenixShort Saleis right for you...Click here for your...
It CAN be done! And it would be my privilege to help.
As recently as a six months ago, if you would have told a real estate agent who specialized in short sales that they’d be raving about a lender’s stellar service and rapid approval times—not to mention significant cash incentives for financially strapped homeowners for pursuing a short sale—you’d have gotten some strange looks.
That’s all changed. And it’s changed faster and to a greater extent than most real estate professionals ever could have imagined.
With a glut of bank-owned properties dragging down the recovery of the real estate market, as well as the national economy, major lenders are more eager than ever before to avoid foreclosure. So they’ve sharpened their focus on short sales. Big time.
The biggest lenders in the country have staffed up to ensure rapid processing of short sale applications. They’ve ponied up with cash incentives at closing for homeowners who pursue a short sale. And they’re proactively reaching out to CDPE agents and putting them in touch with delinquent borrowers.
This is big news and the media has not really caught onto it yet. What’s important for you to know is that whatever you’ve read or heard in the past about long lag times and frustrations with short sales is probably no longer the case.
If you feel that you are headed toward Foreclosure, and need Foreclosure Solutions, or if you are avoiding facing that fact, the sooner you reach out for help, the better your options. The impact of Foreclosurein Phoenix, Arizona is huge and the sad fact is that it’s often avoidable with other options and many cases it's usually a Short Sale. The good news is that there are Foreclosure Solutions!
To find out if a PhoenixShort Saleis right for you...Click here for your...
As a member of the CDPEAdvanced community, I’m tapped into major lenders and on top of major developments affecting short sales and bank-owned properties. I invite you to visit my website www.shortsalewitharthur.com to learn more and feel free to contact me any time and if you or anyone you know is struggling with an unmanageable mortgage.
Choose to face the challenge with a professional on your side. Choose a Phoeinx Short Sale Agent.
An expensive car repair, an unexpected hospital visit, a missed week of work – just a few little things and the life you’ve worked so hard to build can feel like it’s tipping dangerously out of balance.
This is happening to many people here in Phoenix, Arizona. Many hard working homeowners may even be having their hours at work cut back which has a huge impact on their financial stability. One missed mortgage payment and it feels like you are always trying to play "catch-up". It turns into a snow ball effect.
Once the scales turn against you, it can feel like it is impossible to ever tip them back in your favor again. When your financial problems reach the point where they threaten your home, it is difficult to manage the stress. Sometimes it is even difficult to force yourself to seek help.
If you feel that you are headed toward Foreclosure, and need Foreclosure Solutions, or if you are avoiding facing that fact, the sooner you reach out for help, the better your options. The impact of Foreclosurein Phoenix, Arizona is huge and the sad fact is that it’s often avoidable with other options and many cases it's usually a Short Sale. The good news is that there are Foreclosure Solutions!
To find out if a PhoenixShort Saleis right for you...Click here for your...
As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, my mission is to provide financially-challenged homeowners with options to foreclosure, ensure that they steer clear of scams, and help navigate them through the solution that best meets their needs.
Choose to face the challenge with a professional on your side. Choose a Phoeinx Short Sale Agent.
I can help you realign the balance in your financial life and tip the scales Back in your favor. Call or email me and schedule your free, confidential consultation. We can work together to make sure you end up ahead.
Most of us grew up thinking that if we planned well and played by the rules, we’d never have to stand by as our financial lives unraveled. Here in Phoenix, Arizona many owners have done Short Sales in order to Avoid Foreclosure.
With the upheaval on Wall Street, unacceptable rates of unemployment and plummeting real estate values have taken their toll. Since 2007, 7.9 million homeowners have lost their homes to foreclosure. Current estimates are that one in four homeowners owe more on their mortgages than they could get from the sale of their home. Millions more homes will be lost to foreclosure before this real estate crisis runs its course.
The sad fact is that foreclosure is not an isolated event. For months leading up to the loss of a home, financially strapped homeowners live under a cloud of uncertainty. And then for many years afterwards, the blow to credit gets in the way of buying another home or buying anything on credit. Foreclosure even complicates employment prospects.
The impact of foreclosure in Arizona is huge and the sad fact is that it’s often avoidable with other options and many cases it's usually a Short Sale.
As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, my mission is to provide financially strapped homeowners with options to foreclosure, ensure that they steer clear of scams, and help navigate them through the solution that best meets their needs.
Get your FREE REPORT.....
Among the most important facts to keep in mind: the sooner help is sought, the better the options.
To find out if a Phoenix ShortSale is right for you...Click here for your FREE REPORT NOW .....
These are tough times, but more help is available than ever before. If you or someone you care about is ready to navigate away from the dark cloud of an unmanageable mortgage and realize that hope and blue skies are within reach, contact me today and let’s get started.
Recent economic upheaval has taken a hefty toll. Foreclosures and Short Sales are every where in Phoenix, Arizona. Looking forward to 2012, it’s impossible to know what’s next and the kind of an impact that an upturn or a downturn at the national level stands to have on your family’s finances.
Regardless of what happens in Washington or on Wall Street, two things are very clear: you are not alone and now is the time to prepare for a new normal.
With a national epidemic of unemployment or underemployment, and 25 percent of the homeowners in the country owing more on their home than they could net for it in today’s market, homeownership for many has become a financial liability. Not being able to make payments on a home that you can’t afford to sell feels like an awful trap, but the fact is, there are solutions—and foreclosing on your mortgage is not one of them.
Loan modification is an option for many and banks are increasingly willing to negotiate Short Sales here in Phoenix, Arizona. In many cases, they’re offering sizable financial incentives to help financially strapped homeowners to get a fresh start on their lives.
As real estate professional who has achieved the Certified Distressed Property Expert (CDPE) designation and your Arizona Short Sale Realtor, it is my mission to give you and other homeowners the gift of a fresh start.
You are not alone?
If you feel that you are headed toward Foreclosure, or if you are avoiding facing that fact, the sooner you reach out for help, the better your options. The impact of Foreclosurein Phoenix, Arizona is huge and the sad fact is that it’s often avoidable with other options and many cases it's usually a Short Sale.
To find out if a PhoenixShortSaleis right for you...Click here for your...
Many people here in Phoenix, Arizona are Tipping the Scales Toward Foreclosure!
Since 2007, 8.9 million homes have been lost to Foreclosure and boy, here is PhoenixArizona, we have had one of the hardest hits for Short Sales and Foreclosures. They are saying that millions more are headed in that direction.
As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, my mission is to ensure that you or anyone you care about does not add to that statistic.
The unfortunate fact is that so many homeowners who have played by the rules and never imagined that they could be facing Foreclosure or doing a Short Sale in Phoenix, Arizona are now in a very tough situation.
More than one in four homeowners owes more on their mortgage than their home is even Worth. On top of that staggering statistic is the fact that millions of homeowners are unemployed, or underemployed and falling further behind every month.
Sound familiar? Rest assured you are not alone.
If you feel that you are headed toward Foreclosure, or if you are avoiding facing that fact, the sooner you reach out for help, the better your options. The impact of Foreclosurein Phoenix, Arizona is huge and the sad fact is that it’s often avoidable with other options and many cases it's usually a Short Sale.
To find out if a PhoenixShortSaleis right for you...Click here for your...
As a CDPE agent, I help distressed homeowners to work through every aspect of the denial and discouragement that accompanies a mortgage which is no longer manageable, and in the process, to move toward financial solvency.
If you or someone you care about is ready to tip the scales back toward financial solvency, contact me today and let’s get started.
