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Financial Warning Signs of foreclosure

By
Real Estate Agent with Veracity Real Estate Group, LLC

The Arizona Foreclosure Prevention Task Force has put out information for homeowners facing foreclosure.  

 

Here are their warning signs of foreclosure as adapted from Freddie Mac-

  • Mortgage payment changes (changes in interest rate, property taxes, homeowners insurance, and/or other mortgage loan changes, etc.)
  • Maxing out credit cards
  • Using credit to pay for day-to-day expenses, such as groceries, utilities, etc.
  • Being unable to pay your bills on time
  • Paying only the minimum amount on credit cards
  • Applying for new credit cards after maxing out on existing ones
  • Having to choose which bills and/or living expenses to pay first
If you are experiences these warning sign and fear a foreclosure there is help. 

 

Arizona Foreclosure Prevention Task Force provides free services and a Arizona Foreclosure Prevention hotline at 1-877-448-1211.  There is also an informative website www.azForeclosurePrevention.org

 

Veracity Real Estate Group in Ahwatukee works hard to help homeowners facing foreclosure.  Their agents are trained in the entire short sale process as well as AZ real estate law and how to best assist clients.  Their agents are licensed Real Estate agents and you can rest assured will not only give you correct information but also listen and understand during the entire process.  Call Dawn today at 480-540-8100 to schedule an appointment with Veracity Real Estate Group's short sale team. 

 

www.VeracityRealEstateGroup.com

480-540-8100