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Short Refinance Is A Viable Option For Arizona Homeowners Looking At Foreclosure
The first thing I did this morning was read FoxNews and ran across this article that stated US Home Foreclosures Jump 53% In June.  Being an FHA Mortgage Loan Originator in Tucson Arizona I was curious what the numbers looked like for Arizona.  The reason I am writing this post is to show you the numbers for Arizona and that a Short Refinance may be able to provide solutions to at least a few homeowners facing foreclosure.
Here they are for ARIZONA!  (all this can be reached through various links from the Fox article)
Only Nevada and California had more foreclosure activity in June 2008 12,950 Arizona households were involved in some sort of foreclosure activity in June 2008 1 out of every 201 households had some sort of foreclosure activity in June 2008 Foreclosure activity is up 127% over the same time last year Foreclosure activity remained the same as reported for May 2008 I also received a call yesterday from someone who was upside down on his mortgage by almost $100,000 on a property valued at about $150,000 and had an ARM set to reset in a couple years.  He may chose to walk away as so many others are.  In ... more

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