Other than some very personal tragedies in a person’s life regarding health and human interaction, there are very few things that are as stressful and unnerving as going through foreclosure. Given the hardships that foreclosure can bring, allow us to give you some advice in your search for foreclosure help. Foreclosure in Scottsdale, Arizona is a problem that can be fixed if you understand the process and where to find the needed foreclosure help. There are many things to note and consider when thinking about foreclosure help.
A few initial thoughts…
There are literally a dozen different options in Scottsdale, AZ when looking for foreclosure help. However, because we have been led to believe that foreclosure is a certainty when we find ourselves in trouble paying our mortgage, we don’t see the many options that are available for us to find foreclosure help. Homes, titles, loans, and banks have so many complex rules that often times wading through the details gets us lost as we look for foreclosure help.
What you probably know…
We’re fairly certain that you understand that your best foreclosure help is to pay your outstanding mortgage debt, bring your loan current, and be done with it. However, if you are looking for foreclosure help, you probably don’t have the financial means to come up with the lump sum that is required to handle possible foreclosure in this manner. You probably understand that the bank only wants their money. And even though they want you to find foreclosure help and avoid foreclosure, with your past payment history and their knowledge of how these things normally turn out, they are not going to spend their resources to find you foreclosure help.
What you might not know…
As stated above, the bank or lender that holds your mortgage note wants you to find foreclosure help or avoid foreclosure all together. After all, they just want their money. It is also important to note, however, that the lender is also in a bit of a bind. If you are not paying the mortgage, and they must sell the home at foreclosure, they will almost surely get just a fraction of the money that is owed on your loan.
What you should do...
Because you need are considering looking for foreclosure help, you probably haven’t even considered leveraging the banks need to recover their money by using a short sale. With a short sale, you don’t actually get foreclosure help, because you avoid foreclosure completely. In a short sale, you find a real estate agent to put your house on the market. Then, when you receive an offer, you take it to the bank. Although the offer will probably be less than the value of loan, the bank is prone to take the offer because they will get more from the short sale of your home than they can recoup from a foreclosure sale.
The short sale is the best form of foreclosure help available to you. It can help you avoid foreclosure all together and give both the lender and the you the best solution to an unfortunate hardship.
Do you have questions? Read the Short sale FAQs.
Are you a Realtor? Then get free short sale training by Kevin and Fred at Free Realtor Training on ShortSalePower.com
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