Is a Short Sale Smarter than a Loan Modification? Choosing to sell your home with a short sale or keeping your home with a mortgage modification is a dilemma facing many Scottsdale and Phoenix area homeowners. It is really a personal financial choice as to whether you decide to sell your home or not. Factors…Read More→
Why the Worst Thing is To Ignore Your Bank
Why the Worst Thing is To Ignore Your Bank It is human nature to avoid the unpleasant, especially when it comes to creditors calling you and writing you collection letters. Many distressed homeowners are in denial that they are in financial trouble or are embarrassed to admit it. The worst thing you can do is…Read More→
WHAT IS A SHORT SALE?
I have many people call me about doing a short sale or asking, “what is a short sale?” When one falls behind on their mortgage, the bank will typically begin the foreclosure process. There are several ways a borrower can stop the foreclosure, such as: bringing the arrearage current, loan modification, bankruptcy, refinance, short refinance…Read More→
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