Have you thought about a short sale? Not sure where to turn? For more information about keeping your home you can visit www.PhoenixHomeRescue.org or simply call me at 623.271.4234.

Before you make the desicion to walk away from your home or short ssell it, you should go to the the new website from the federal government. This site offers online tools that will allow a homeowner to determine if they are eligible to participate in the "Making Home Affordable" loan modification and refinancing program. 

The site is http://www.MakingHomeAffordable.com and shares information about how this program works and who is eligible for assistance.  This is the same $75 billion program you may have heard of recently in the media.

You'll need the following available:

* Information about your first mortgage, such as your monthly mortgage statement.
* Information about any second mortgage or home equity line of credit on the house.
* Account balances and minimum monthly payments due on all of your credit cards.
* Account balances and monthly payments on all your other debts such as student loans and car loans.
* Your most recent income tax return.
* Information about your savings and other assets
* Information about the monthly gross (before tax) income of your household, including recent pay stubs if you receive them or documentation of income you receive from other sources.
* It may also be helpful to have:  A letter describing any circumstances that caused your income to be reduced or expenses to be increased (job loss, divorce, illness, etc.) if applicable.

If you still have questions about keeping your home or have decided you need to sell your home, feel free to visit www.PhoenixHomeRescue.org or call me directly at 623.271.4234.

Your trusted real estate advisor!