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Foreclosure or Short Sale in Chandler Arizona - Chandler Arizona Foreclosure or Short Sale

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Real Estate Agent with HomeSmart

Foreclosure or Short Sale in Chandler Arizona - Chandler Arizona Foreclosure or Short Sale

It is known all around that many people in Chandler Arizona and all over The States are suffering financial difficulties and or have lost their home in a foreclosure, or  have sold it in a short sale or are in the process of doing one or the other.

Facing the possibility of losing your home is one of the saddest experiences; it drains homeowners energy, causes stress in the family, and many times is not known where to go or what to do.  Most of the time the hardship is kept in secrecy, people look fine, but inside their bodies and minds, stress fear and sadness are the daily feelings. Many people are living this situation not only in Chandler Arizona, this is a national problem.

Check what is happening in Chandler Arizona:

Note: The above Data is Daily Updated (Bullet points)

Number of Foreclosed homes in Maricopa County up to May 2010 according with Distressed Property Institute:  16908 and still growing

FORECLOSURE

If you let your home into Foreclosure, the lender can reposes your home, but that is only the tip of the iceberg, as a homeowner you are ineligible for a Fannie Mae backed mortgage for 5 years, your credit score will be lowered from 250 to 300 points (Typically for 3 years) and Foreclosure will remain as a public record on the credit history for 10 years, all this among other things.

SHORT SALE

Short Sale is other option for homeowners with financial problems, in this case your home can be sold for less of what you own to the lender, the lender has to agree with a short  sale. If you just started falling behind in your payments or have been behind for some months, or it has been extremely difficult to cover your monthly expenses including the mortgage, the sooner you act the better.

ABOUT YOUR CREDIT SCORE

Only late payments in the mortgage will be shown, if all the payments were made it will lower your score as little as 50 points if all other payments are being made, and the mortgage will appear as "paid or negotiated".

By far Short Sale is better than a Foreclosure. Act fast to avoid foreclosure, don't wonder anymore where to go. Talk with your lender, see for tax and legal advice and very important: look for a professional real estate agent who really will look for your interests and act in your behalf when selling your home.

Do you see how you can be helped? You don't have to wonder anymore, take a decision, act now, it is not too late!

Call me to help you avoid foreclosure (480)600-5703

To watch my video click here

To visit my website: www.urpropertyaz.com 

MaryCarmen Ramos / Solutions Real Estate / 480-600-5703 / urpropertyaz@gmail.com

If you are Buying, Selling or Relocating to Arizona and need help from a professional REALTOR®, give me a call (480)600-5703

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The Valley Solutions Team at HomeSmart

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