foreclosure: pre-foreclosure tips & advice
- 10/04/08 06:28 AM
Here's what you should do 1st. Contact your lender to make them aware of the pending problem. You may be surprised of their understanding and willingness to work with you to keep you in your home prior to a bank foreclosure. If you contact a Realtor. Make sure you work with a foreclosure or short-sale specialist. It is a complicated, time consuming process which requires a lot of communication and due diligence with your lender. Try to remain as stress free as humanly possible. It is an emotional time. You did not do anything wrong. You are not alone. You will … (1 comments)
foreclosure: Foreclosure is Not Last Option
- 08/30/08 08:02 AM
Know your Options if you are facing foreclosure : In Phoenix | Scottsdale and all of Arizona, we use Deeds of trust, not mortgages, which change some of your options you may have in other states. First and most importantly, ... 1) Contact your lender to work out possibilities such as short-sales, loan re-structure or deed-in-lieu of foreclosure. Many lenders will work with you to try to minimize losses for everyone involved. 2) A short sale should be handled by Realtors with experience in foreclosure or short-sales. 3) Speak with attorney and a CPA regarding legal and tax (financial) implications that … (1 comments)
Here's what you should do 1st.;)
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