Problem Mortgage Assistance
The following contains information regarding the assistance we can provide to you or anyone needing problem mortgage assistance.
1. We will not ask you to pay us anything for providing you resources to resolve your mortgage issues. If you decide to engage our services as real estate agents, the compensation we receive typically comes from your lender, not from you.
2. We can provide to you a free copy of the Short Sale Seller Advisory, a seven page publication produced by the Arizona Association of Realtors and the Arizona Department of Real Estate. The Advisory is a valuable resource to assist anyone needing problem mortgage assistance to understand their options and resources to best protect them in their particular circumstances. There is no charge for this guide, and the information is invaluable.
3. As Real Estate Agents, we are neither allowed, nor qualified to counsel you in legal or tax matters pertaining to your particular loan. However, we strongly encourage you to obtain appropriate advice and we can provide referrals and other resources that will get you to the help you need for your situation. For some professional services there may be costs, but we can assist you in finding sources of help that are either free of charge or of reasonable cost. Receiving the Short Sale Seller Advisory is a very good resource to start with.
4. There are a number of options that you may consider to resolve your situation, including loan modification, short sale, foreclosure, bankruptcy and others. If you decide that it is in your best interest to short sale your home, we are able to assist you with handling the sale. As mentioned, the fees we receive for selling your home are typically paid by the lender, not by you.
5. If you fall behind in your mortgage payments, you may find yourself approached by individuals promoting “rescue” scams and short sale fraud. Please read the Short Sale Seller Advisory for information on how to recognize and respond to these solicitations. If something doesn’t feel right, check it out with people you know will provide to you reliable information.
6. Please understand that our economy and real estate collapse has resulted in great losses incurred by many good and responsible people who have temporarily found themselves in situations beyond their control. It is important to get the proper information so that you can best protect yourself, and get on the road to recovery as quickly as possible. We are already seeing individuals who have gone through difficult situations and have received problem mortgage assistance and have now recovered to the point of being able to purchase a new home. The process of resolving your mortgage problems should be the step towards your financial recovery.
7. Individuals who have gone through problem mortgage situations usually find that their credit has been substantially damaged in the process. The steps you take after the mortgage problem can make a great difference in how soon your credit will be restored. We can assist you with obtaining the proper counseling to help you restore your credit in as short of time period as possible.
Thank you for allowing us to share this information with you. To receive your copy of the Short Sale Seller Advisory and receive other assistance, please contact us by phone, or email using the information on the top of this page. We wish you the best of success.
www.ProblemMortgageSolutions.com
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